Euro Strengthens on Political ShiftsEUR/USD traded just above 1.1300 on Thursday, staying in a tight range as reduced political uncertainty in Europe and a softer U.S. dollar offered mixed cues. The euro was supported by news of Friedrich Merz becoming Germany’s chancellor, while the dollar struggled despite a hawkish Fed pause, as Powell flagged tariff-related risks. Traders are focused on Trump’s press conference at 14:00 GMT and U.S. jobless claims for near-term direction.
Resistance is seen at 1.1460, with higher levels at 1.1580 and 1.1680. Support lies at 1.1260, followed by 1.1200 and 1.1150.
EURUSD
Range-Bound EUR/USD: Sell Setup Pending Dollar StrengthI'm currently watching the EUR/USD currency pair, and it appears to be under pressure while trading within a range 📉. If you check out the chart in the video 📊, you’ll see what I mean. I’m on the lookout for a potential sell opportunity, but only if the upcoming data release signals strength for the US dollar 💵. In that case, I’d be watching for a break and retest of the current range low—(BoS). My targets would be set two levels below, aiming to close the position by the end of the New York session 🗽. Please note, this is not financial advice! 🚫
CadChf daily bias confirmedGood day traders, I’m back with CadChf but this one is special cause it provides us a clean setup where I will get an opportunity to explain some of ICT concepts that I look for and have made me the trader I am today but I’m not here to talk about Michael!! Just his thoughts behind this type of setup.
Well my excitement is that this setup is happening on the daily timeframe so hopefully it’ll be much more understandable. First let’s start with some tape reading on the left hand side we can see that price has been bearish and have reason to believe that price has bottomed as we can see that price left a low only to later take out creating a new one than made a run higher shifting structure on the lower TF’s but here on the daily what price did was leave the first presented FVG which you can see on the chart I have marked it. Back to the tape, if you take a closer look at that F.PFVG you’ll see that price only touch the upper quarter of the level and price made a move higher. Here why I said this one was special👂 ICT teaches how to look at price from a naked eye just by dividing gaps, FVG and OB’s and more.. by 4 quarters and FIB retrace works wonders here 0,25,50,75,100. 50 being the midpoint. Price from experience since paying attention to details always comes for the F.PFVG midpoint ATLEAST!🔊
If you look at the chart again you’ll see a red arrow pointing to that wick’cosidered a gap’, now if we consider that wick a gap than we gonna treat it as one. If you take you FIB and get the levels you’ll see price was a few pips shy of the midpoint of that gap!!👂
Our narrative than becomes…we wanna see price reach the midpoint of that wick considered a gap. Than we gonna shoot down if we can just get to that midpoint 🤞🏾
Because we cannot I repeat we cannot trust price, we can expect it to disrespect that buyside but not close higher 🛑✋, our draw on liquidity is the one below.
Please study this setup carefully 🙏🏽🙏🏽
MarketBreakdown | EURUSD, USDCAD, NZDUSD, USDCHF
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸
EURUSD formed a huge head and shoulders pattern.
The price is currently testing its horizontal neckline.
Bearish breakout of that and a daily candle close below
will confirm a bearish reversal and push the prices lower.
2️⃣ #USDCAD daily time frame 🇺🇸🇨🇦
The price is breaking a solid falling trend line.
Its violation is an important bullish signal that
indicates a strength of the buyers.
We can expect even more growth.
3️⃣ #NZDUSD daily time frame 🇺🇸🇳🇿
The pair is consolidating within a horizontal range.
The price is going to reach its support soon.
I suggest looking for a pullback trade from that then.
4️⃣ #USDCHF daily time frame 🇺🇸🇨🇭
The price is stuck within a horizontal parallel channel.
I expect a bullish continuation within that and a test
of its upper boundary.
Then, look for a confirmation to see and try to catch a retracement from that.
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EURUSD Is Ready to Break Resistance LinesEURUSD ( FX:EURUSD ) is trying to break the Resistance lines , it has tried several times in the past few days but failed. Will EURUSD succeed this time?
In terms of Elliott wave theory , it seems that EURUSD has completed the main wave 4 near the Support zone($1.1300-$1.1160) and Support line , and we should wait for impulsive waves . Breaking the Resistance zone($1.1480-$1.1420) can confirm the end of the main wave 4 . Otherwise , the main wave 4 can have other forms.
I expect EURUSD to break the Resistance lines in this attack and rise to at least $1.1384 , and the next target can be around $1.1437 .
Note: If EURUSD can break below $1.1272(the worst Stop Loss(SL)), we can expect more dumps.
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S. Dollar Analyze (EURUSD), 1-hour time frame.
Be sure to follow the updated ideas.
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USD/JPY: Ready for a Rally or a False Recovery?USD/JPY is at a crucial stage, with the price hovering around 143.900. After a bearish move, the market is attempting to recover, aiming for the resistance zone between 149.000 and 151.000.
COT Insight:
COT data shows a slight increase in long positions among speculative traders (+397), while commercials are increasing their short coverage (+539), indicating caution.
Seasonality:
Historically, May has been a slightly bullish month for USD/JPY (+0.42% over the last 10 years), but the trend has been negative in the last 5 years (-0.57%), indicating uncertainty.
Retail Sentiment:
65% of retail traders are long, which could indicate potential bearish pressure in case of opposite moves, given the risk of position liquidation.
Conclusion:
Carefully monitor the price reaction around 144.000. A breakout towards 149.000 could signal a significant move, but the long retail pressure might represent an obstacle.
EURUSD H4 I Bearish Reversal Based on the H4 chart, the price is approaching our sell entry level at 1.1339, a pullback resistance.
Our take profit is set at 1.1142, a pullback support that aligns close to the 61.8% Fibo retracement.
The stop loss is set at 1.1475, a pullback resistance.
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Bearish reversal?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.1338
1st Support: 1.1274
1st Resistance: 1.1376
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EUR-USD Support Cluster! Buy!
Hello,Traders!
EUR-USD is trading in an
Uptrend and the pair is
About to retest a support
Cluster of the rising and
Horizontal support lines
Around 1.1257 so after
The retest we will be
Expecting a local bullish
Rebound and a move up
Buy!
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EURUSD: Bullish trend intact unless this pattern breaks.EURUSD remains marginally bullish on its 1D technical outlook (RSI = 56.708, MACD = 0.008, ADX = 33.048) as in spite of correction of the last 2 weeks, the Bullish Megaphone remains intact with the price almost on its bottom. This maintains the bullish trend for at least another +7.80% bullish wave (TP = 1.21450). If the Megaphone breaks, the pattern and thus the trade are negated, and the trend turns bearish aiming at the 1D MA50, so the risk of going long now is very low.
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EUR/AUD Forms Bearish Lower High for Next Leg Down!Timeframe: 1-Hour (H1)
Ideal for swing or position-based intraday trades.
Entry Area (Supply Zone):
Price is reacting from 1.75850 – 1.75970 — strong resistance from prior structure.
Bearish Pattern:
Clear lower highs and supply test failure with rejection — confirms sellers' control.
Stop Loss:
Placed just above the resistance zone near 1.75976.
Target Zone (Demand):
Final green demand zone around 1.73880 – 1.74000 — key support and recent low.
Bearish Wave Projection:
Marked by consistent lower lows and tight bearish continuation structure.
Risk-to-Reward:
Very healthy setup with approx. 1:3+ RRR (ideal for professional entries).
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Bearish drop?EUR/USD is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.1425
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 1.1533
Why we like it:
There is a pullback resistance level.
Take profit: 1.1267
Why we like it:
There is a pullback support level.
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EURO - Price can start fall to support line of pennant patternHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price traded inside triangle, where it declined below $1.1310 level, but then made upward umpulse.
Price exited from triangle pattern and broke the $1.1425 level, after which it entered to pennant pattern.
In pennant, Euro reached the resistance line, after which it turned around and in a short time declined to the $1.1310 level, breaking $1.1425
Then the price some time traded between these two levels and later dropped to the support line of the pennant.
But recently it backed up and now traded very close to resistance line of pennant, so, I think it can rise a little.
After this movement, in my opinion, Euro can start to decline to $1.1300 support line of pennant.
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Euro will exit from pennant and grow to resistance levelHello traders, I want share with you my opinion about Euro. Looking at this chart, we can see how the price, after a strong upward impulse, the price entered into a consolidation phase, forming a classic upward pennant pattern. Throughout this structure, the price repeatedly respected both the support line and resistance line, tightening inside the pennant while still holding above the support level at 1.1300. This zone, between 1.1280 and 1.1300, marked as the buyer zone, has acted as a strong floor multiple times. Every touch to this area sparked bullish reactions, and most recently, we can see the rice once again starting to grow after dipping into this zone. On the upper side, the resistance level at 1.1430 coincides with the breakout target of the pennant, and also lies just below the seller zone, making it a logical TP 1 area for bulls. The current price action suggests that after a minor pull-back, the price may test the lower pennant edge and then rebound, potentially initiating an impulsive breakout toward 1.1430. Given this structure and the strong base forming around 1.1300, I expect Euro will grow upward toward my TP 1 at the 1.1430 level, thereby exiting from the pennant. Please share this idea with your friends and click Boost 🚀
EURAUD DETAILED ANALYSIS BULLISH OR BEARISHEURAUD is currently trading around 1.75600, forming a classic falling wedge pattern on the 12-hour timeframe. This structure typically signals a bullish reversal, and with price compressing near the wedge’s apex, the likelihood of a breakout to the upside increases significantly. Momentum is slowing on the downside, while buyers are beginning to show signs of re-entering the market, suggesting the pair is gearing up for a potential bullish surge toward the 1.85600 level.
Fundamentally, the euro is holding firm amid persistent inflation data from the eurozone, increasing speculation that the ECB might remain hawkish longer than expected. On the other hand, the Australian dollar is facing pressure due to softer commodity demand and cautious rhetoric from the RBA. This divergence in central bank outlooks favors euro strength in the near term. Today's minor beat on euro PMI data and lackluster performance in Aussie retail sales reinforces the strength of this directional bias.
Technically, this falling wedge is forming after a strong bullish impulsive leg, which adds further credibility to the reversal setup. Buyers have successfully defended the 1.7500 psychological zone, and a breakout above the wedge resistance could trigger a sharp rally. A move above 1.7600 would likely act as confirmation for bulls, opening the door for a measured move toward the 1.85600 target area.
As long as price holds above the 1.7400 region, this remains a high-probability bullish setup with a strong risk-reward profile. Traders will be closely watching for volume increase and price rejection candles at resistance to confirm the breakout. This is a prime example of a technical and fundamental confluence setup that professional traders look for when positioning for medium-term swing trades.
What is Next for EUR/USD? FenzoFx—EUR/USD formed a hammer candlestick pattern during the London session, above the 50-period simple moving average. The critical support level that stands between the bull and the bear market rests at $1.1327.
The bullish trend is likely to resume if the price remains above the support level. In this scenario, the next target could be the previous day's high at $1.1380, followed by $1.1450.
Weak Low in Trading RangeVery weak low in this range shown at the horizontal ray. I expect this to be taken out at some point to "grab" liquidity. Fairly large HVN also though which could suggest a bounce as buyers defend.
When this range breaks I am unsure if it will break up or down. EUR/USD trading fairly high and dollar sentiment seems to be picking up a little, so I think it will break low, however the technical outlook says it will break up.
As mentioned previously, on the daily/weekly chart we have one half of a very clean head and shoulders and the exact mirror image on the DXY chart. So lets see.
EURUSD update 7.05.2025Short-term growth to the resistance zone (~1.1400-1.1420),
Then, there was a reversal and impulsive fall—a break of support, further decline to levels below 1.1200, possibly to a Value Area Low.
Conclusion:
This is a bearish scenario, with a trap for longists at the resistance area and an emphasis on liquidity capture under support levels.
Best regards, EXCAVO
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DeGRAM | EURUSD bulls held the channel📊 Technical Analysis
● EUR/USD broke a falling‑wedge top right on rising‑channel support at 1.1270, flipping the pattern bullish.
● Holding above 1.1300 targets 1.1380; a clean break opens the 1.147‑1.155 supply, while downside is contained by 1.1270.
💡 Fundamental Analysis
● USD softened on renewed tariff‑related uncertainty, giving the euro room to rebound.
● FXStreet flags fresh EUR/USD demand above 1.1300 as traders fade the greenback ahead of the Fed decision.
✨ Summary
Wedge breakout plus a weaker USD underpin a short‑term long bias: objectives 1.1380 → 1.1470‑1.1550; invalidate on a close below 1.1270.
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