The EUR/USD pair is showing signs of a short-term trend reversal, with technical indicators turning decisively bearish on the H1 timeframe. After a sustained uptrend, the pair has broken below a key ascending trendline around the 1.04060 area.
As of 11:00 AM 6/3/2025, EUR/USD is trading around 1.1391, down from recent highs near 1.1450. The breakdown comes amid weakening momentum, as confirmed by multiple technical tools.
Indicators Confirm Bearish Shift
The MACD (12,26,9) and MACD (19,39,9) indicators have both printed bearish crossovers, with expanding negative histograms, suggesting downward momentum is strengthening.
Meanwhile, the Momentum (50) indicator hovers just above the neutral 100 level, offering a potential clue of ongoing weakness unless a sharp rebound occurs.
Bearish Trading Setup
My EUR/USD position is currently short with initial downside soft targets at 1.1350, followed by 1.1280 if bearish pressure accelerates. A break above 1.1445 would invalidate bearish setups and shift focus back to the upside.
Technical Summary:
Bias: Bearish (Short-Term)
Opened 6/3/2025 5:03 am USA Eastern at 1.14060 (MT4)
Trade Invalidation: 1.1445
Soft Targets: 1.1350, then 1.1280
Hard Target: None. Holding until MACD (19,39,9) reversal.
The technical landscape suggests traders should remain cautious on long positions unless the pair reclaims the 1.1445 resistance zone. Until then, the bears appear to be in control.
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The above is an analysis of what I see using my own technical setup and is not investment advice.
As of 11:00 AM 6/3/2025, EUR/USD is trading around 1.1391, down from recent highs near 1.1450. The breakdown comes amid weakening momentum, as confirmed by multiple technical tools.
Indicators Confirm Bearish Shift
The MACD (12,26,9) and MACD (19,39,9) indicators have both printed bearish crossovers, with expanding negative histograms, suggesting downward momentum is strengthening.
Meanwhile, the Momentum (50) indicator hovers just above the neutral 100 level, offering a potential clue of ongoing weakness unless a sharp rebound occurs.
Bearish Trading Setup
My EUR/USD position is currently short with initial downside soft targets at 1.1350, followed by 1.1280 if bearish pressure accelerates. A break above 1.1445 would invalidate bearish setups and shift focus back to the upside.
Technical Summary:
Bias: Bearish (Short-Term)
Opened 6/3/2025 5:03 am USA Eastern at 1.14060 (MT4)
Trade Invalidation: 1.1445
Soft Targets: 1.1350, then 1.1280
Hard Target: None. Holding until MACD (19,39,9) reversal.
The technical landscape suggests traders should remain cautious on long positions unless the pair reclaims the 1.1445 resistance zone. Until then, the bears appear to be in control.
--------------------
The above is an analysis of what I see using my own technical setup and is not investment advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.