EURUSD Short 4/29/2025EUR/USD Short – Weekly Supply Rejection + Bearish Structure Developing
Looking to short EUR/USD based on a clean multi-timeframe confluence of supply rejection, bearish price action, and lack of immediate bullish catalysts.
Weekly Chart:
Last week printed a bearish hammer right off a major weekly supply zone — signaling higher timeframe selling pressure coming into play.
4H Chart:
We've got developing structure that could complete into a valid head and shoulders pattern.
Last two 4H candles printed a bearish engulfing followed by a bearish hammer, both rejecting supply strongly.
Current 4H candle (still forming) is holding bearish intent, keeping momentum tilted to the downside.
1H Chart:
1-hour candles are following suit — we’re about to close a doji, showing hesitation from buyers and potential follow-through lower.
Trade Thesis:
Taking the short now with anticipation that the 4H head and shoulders confirms and breaks lower.
First milestone is clearing the neckline, then continuation down toward the weekly structural target at 1.2000.
Fundamental Context:
No major eurozone news releases today.
German Prelim CPI hits tomorrow, but until then, EUR is exposed to drifting lower without fresh catalysts.
Risk-Reward Profile:
Initial Target: Break below the neckline
Main Target: Weekly level around 1.2000
R:R: Targeting 1:4
Stop: Placed above the right shoulder structure on the 4H
This setup combines clean technical exhaustion at supply with room for a strong trend leg if momentum accelerates.
