EUR/USD Update: Breakout Potential Above Recent HighsHi Everyone,
Monday played out as expected; a bounce off the highlighted support area appears to have provided enough momentum for a retest of the 1.18000 level. Price could briefly dip below the 1.16680 support; however, our outlook will remain unchanged as long as we hold above the 1.16450 level.
We maintain the view that a decisive break above last week’s high could attract additional buyers, paving the way for a move towards the 1.19290 level and ultimately the 1.20000 level.
We’ll share further updates on the projected path for EUR/USD if price breaks above this key resistance.
The longer-term outlook remains bullish, with expectations for the rally to extend towards the 1.2000 level, provided the price holds above the key support at 1.10649.
We will continue to update you throughout the week with how we’re managing our active ideas and positions. Thanks again for all the likes/boosts, comments and follows — we appreciate the support!
All the best for a good end to the week. Trade safe.
BluetonaFX
Eurusd-3
EURUSD - Potential sell at LDN or NY openLooking for sell from the POI highlighted
We have raided buy side liquidity so now its time to look at the origin of the move and see if we can further capitalise on a similar set up I took yesterday in order to bank a lovely 8.5% profit on this single trade.
Will post the trade below
EUR/USD Reversal Ahead? COT + DXY Strength Signal Price has broken below the ascending channel that started in mid-May.
The current candle is rejecting the weekly supply zone (1.17566–1.18319), leaving a significant upper wick.
Daily RSI is losing strength but has not yet reached extreme levels.
A key daily Fair Value Gap (FVG) lies between 1.1600 and 1.1480, with the first potential downside target at 1.14802, which aligns with support and the FVG zone.
A deeper bearish continuation could push price towards 1.1350, but only if the FVG lows are clearly broken.
📊 COT Data (CME - Euro FX & USD Index)
Euro FX
Net long: +15,334
Commercials increased both longs (+13,550) and shorts (+9,913) → mild divergence.
Non-Commercials (speculators) increased shorts (+4,786) more than longs (+1,188) → speculative bias tilting bearish.
USD Index
Strong net long accumulation across all trader types: +4,597 net.
Non-Commercials added +3,590 longs, with only a minor increase in shorts.
→ USD strength continues, reinforcing potential weakness in EUR/USD.
🧠 Retail Sentiment
67% of retail traders are short EUR/USD → typically a contrarian bullish signal.
However, the price is already showing distribution, not accumulation, so we may see price push lower first to trap remaining retail longs, invalidating the contrarian signal in the short term.
📅 Seasonality
July is historically bullish, especially on the 2Y (+0.0142) and 10Y (+0.0106) averages.
However, the 15Y and 20Y averages show a much more moderate performance (+0.007 / +0.0025).
Based on current price action, the seasonal rally may have already played out with the run-up to 1.1830. A correction now seems likely, even if the broader macro remains supportive mid-term.
🧩 Conclusion
Despite historically bullish seasonality for July, both price action and COT data indicate distribution with early signs of reversal.
Retail sentiment is too skewed short for a major breakdown just yet, but the technicals support a short-term pullback toward more balanced levels.
USD strength from COT and DXY structure reinforces a corrective short bias for now.
EUR/USD Technical ReversalThe daily EUR/USD chart shows a clear rejection at the 1.1830 resistance, aligned with the 0% Fibonacci level, following a sustained upward move. The rejection candlestick pattern, combined with the formation of an ascending channel, suggests buyer exhaustion and a potential start of a correction.
Fibonacci projections indicate key support zones at 1.1198 (38.2%), 1.1000 (50%), and 1.0800 (61.8%). A sustained break below the ascending trendline and the intermediate support zone (highlighted in yellow) would reinforce the correction scenario, with a potential target at 1.0176 (100% Fibonacci).
Decreasing volume and the lack of new significant highs further support the reversal hypothesis. Momentum analysis (RSI and MACD, if present) should be monitored for additional confirmation of the weakening bullish trend.
From a fundamental perspective, the correction may be triggered by divergences in ECB and Fed monetary policies, as well as recent macroeconomic data favoring the US dollar.
EUR/USD is showing clear technical signs of reversal after rejection at a key resistance. Loss of the 1.10 and 1.08 supports could accelerate the correction toward 1.0176. Close monitoring of upcoming candles and momentum indicators is recommended for confirmation of the move.
Bearish drop for the Fiber?The price is rising towards the pivot which acts as an overlap resistance and could drop to the 1st support.
Entry: 1.1743
1st Support: 1.1631
1st Resistance: 1.1833
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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EURUSD Bounce on the 4H MA100 eyes 1.2000.The EURUSD pair has been trading within a Channel Up pattern since the May 12 Low. Right now it is expanding its 3rd Bearish Leg of this structure, with the previous two reaching at least either the 4H MA100 (green trend-line) or the 0.5 Fibonacci retracement level before rebounding.
As a result, we expect a rebound soon around the 1.16500 level to start the new Bullish Leg. The last two peaked on the 1.5 Fibonacci extension, which gives us a clear Target at 1.2000.
Notice also that every time the 4H MACD formed a Bullish Cross below the 0.0 mark, it was a confirmed buy signal. Use that to your advantage.
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EURUSD I Technical & Fundamental Forecast Welcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURUSD: The Market Is Looking Up! Long!
My dear friends,
Today we will analyse EURUSD together☺️
The market is at an inflection zone and price has now reached an area around 1.17341 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move up so we can enter on confirmation, and target the next key level of 1.17512.Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
EURUSD Buyers In Panic! SELL!
My dear friends,
My technical analysis for EURUSD is below:
The market is trading on 1.1775 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.1648
Recommended Stop Loss - 1.1840
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURUSD: Growth & Bullish Forecast
Balance of buyers and sellers on the EURUSD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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US Jobs Data Supports Fed Dovish SignalsThe EUR/USD stayed in a narrow range around 1.1760 during Friday’s Asian session, with limited movement as US markets were closed for Independence Day.
The US dollar gained modestly after Thursday’s NFP data showed 147,000 new jobs in June, beating the expected 110,000.
However, private sector job growth slowed, adding only 74,000 jobs in June versus a three-month average of 115,000. This trend supports Fed officials like Vice Chair Bowman, who recently called for rate cuts due to labor market risks.
Resistance for the pair is at 1.1830, while support is at 1.1730.
XAU/USD : Get Ready for Another Fall ! (READ THE CAPTION)By analyzing the gold chart on the 4-hour timeframe, we can see that, as expected from our previous analysis, when the price was trading around $3327, it climbed to the supply zone at $3345. After reaching this key level, strong selling pressure emerged, leading to a sharp drop in gold today down to $3296.
This move played out exactly as anticipated, and now, if the price stabilizes below $3330, we could expect further downside pressure on gold.
The Main Analysis :
What’s EURUSD Telling Us on the 30-Minute Chart?🌅 Good morning, my friends,
EURUSD just made a pullback within the last 30 minutes, so I entered a sell position based on that move.
🎯 Targets:
- TP1: 1.17607
- TP2: 1.17475
- TP3: 1.17174
🛑 Stop Loss: 1.17938
📊 Risk/Reward Ratio: 2.00
Your likes and support are what keep me motivated to share these analyses consistently.
Huge thanks to everyone who shows love and appreciation! 🙏
GBPJPY BULLISH OR BEARIS DETAILED ANALYSISGBPJPY has successfully broken out of a long-term falling wedge on the weekly chart, and the bullish momentum is unfolding as expected. Price has rallied from 190.00 to the current 197.00 level, delivering solid profits from the breakout zone. This continuation setup is extremely strong, with the market respecting the wedge breakout structure and forming higher highs. As long as we hold above the 190.00 support, the bullish bias remains fully intact, with 205.00 as the next key upside target.
Fundamentally, the British pound remains well-supported due to the Bank of England’s hawkish stance. Despite softer inflation data, the BoE has signaled a cautious approach to rate cuts compared to other central banks, maintaining underlying GBP strength. On the other side, the Japanese yen continues to weaken as the Bank of Japan sticks with its ultra-loose monetary policy. Yen weakness is further fueled by rising US and UK bond yields, widening the yield differential and attracting carry trades into GBPJPY.
Technically, the breakout is unfolding with textbook precision. Price has cleared descending resistance, retested it, and is now building a new leg higher. The volume profile is supporting this bullish breakout, and market structure is confirming further upside. The 200.00 psychological level may act as a minor resistance, but once cleared, 205.00 is well within range and aligns with major Fibonacci extensions.
GBPJPY is also benefiting from increased volatility in risk-on sentiment, as equity markets remain firm and bond yields rise globally. Traders are favoring high-yielding currencies like GBP while shorting low-yielders like JPY. With the fundamentals and technicals now strongly aligned, this trade is well-positioned to deliver continued profits toward 205.00 and beyond.
Euro / U.S. Dollar - 2h Chart (OANDA)2-hour candlestick chart of the EUR/USD currency pair from OANDA, showing the exchange rate trend from late June to July 07, 2025. The current rate is 1.17774, with a 0.00200 (0.17%) increase. The chart highlights a recent trading range between 1.17774 (sell) and 1.17824 (buy), with a notable upward movement in the past few hours.
Where the coffee is strong (EUR/USD)Setup
EUR/USD is in a strong uptrend and recently broke above multi-year resistance just under 1.16. The pair looks to be targeting long term resistance at 1.23.
Signal
RSI is dropping back from overbought territory on the daily chart, offering a possible dip-buying opportunity above resistance-turned-support at 1.16.
DeGRAM | EURUSD fixed under the resistance level📊 Technical Analysis
● Price is stalling against the upper band of a three-month rising channel (≈ 1.1790) after producing a false break and quick rejection—marking a potential bull-trap at trend resistance.
● Bearish divergence on the 4 h RSI and the first lower-high inside a micro rising wedge suggest momentum is fading; a slide through 1.1745 should trigger profit-taking toward the mid-channel support at 1.1595.
💡 Fundamental Analysis
● Solid US payrolls and a hawkish tone in FOMC minutes lift two-year yields, reviving the dollar bid, while post-election coalition wrangling in France keeps a risk premium on the euro.
✨ Summary
Sell 1.1785 ± 15 pips; break below 1.1745 targets 1.1595. Invalidate on a 4 h close above 1.1810.
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EUR/USD (6E1!) Nears Critical Monthly Supply ZoneThe EUR/USD futures (6E1!) are currently trading at 1.1858, already inside a key monthly supply zone. With price action approaching higher resistance levels, traders should prepare for potential reversals—especially near the 1.20395 – 1.22710 range, where a major bearish reaction could unfold.
Key Technical Levels to Watch
Current Price: 1.1858, testing the lower bounds of a monthly supply zone.
Weekly Supply Areas: Highlighted on the chart, signaling potential selling pressure ahead.
Primary Target Zone for Shorts: 1.21240 – 1.22710 (within the broader 1.20395 – 1.22710 range).
Breakout Scenario: A sustained move above 1.22710 could invalidate the bearish structure, targeting 1.2400+.
COT Report Reveals Market Sentiment Shifts
The latest Commitment of Traders (COT) report shows:
Commercials (Smart Money): Accumulating bearish positions, suggesting institutional hedging at these levels.
Non-Commercials (Large Speculators): Still bullish but stagnant—no major additions or reductions in exposure.
Retail Traders: Remain bullish, often a contrarian signal when Commercials are increasing shorts.
This setup suggests that while momentum is still upward, the lack of new buying from Non-Commercials and Commercials increasing shorts could lead to a reversal.
DeGRAM | EURUSD downturn in the channel📊 Technical Analysis
● Price is capped by a confluence of the June-July down-sloping channel roof and the former median resistance line at 1.1780; the last three candles form lower highs inside a micro bear-flag.
● Intraday structure now leans on the 1.1745–1.1750 support cluster: a break beneath this shelf completes the flag and exposes the channel floor/June pivot at 1.1690.
💡 Fundamental Analysis
● Pre-NFP dollar demand is rebuilding as ADP and ISM-services beat consensus, while French election uncertainty revives euro risk premium.
✨ Summary
Sell 1.1775 ± 5 pips; sustained trade below 1.1745 targets 1.1690. Short thesis void if 30-min candle closes above 1.1800.
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Hellena | EUR/USD (4H): LONG to the resistance area 1.20000.Colleagues, I believe that the upward impulse is not over yet. Wave “3” of the higher order and wave “3” of the lower order are just completing their movement, and I think that at the moment it is worth looking at the resistance area of 1.20000.
This is a very attractive psychological level where wave “3” could complete its upward movement.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
EURUSD Will Go Higher From Support! Long!
Take a look at our analysis for EURUSD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.172.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.177 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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