MarketBreakdown | EURUSD, DOLLAR INDEX, BITCOIN, SILVER
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸
The price started a correctional movement after it updated
a high the first of July.
The market formed a bullish flag pattern.
Your next trend-following bullish signal will be a breakout and a daily
candle close above its resistance.
2️⃣ Dollar Index #DXY daily time frame 💵
The market corrects in a bearish flag pattern.
I see a test of a significant horizontal resistance cluster now.
Your signal to see will be a bearish violation of a support
of the flag and a daily candle close below.
3️⃣ #BITCOIN #BTCUSD daily time frame
Though the price managed to update the All-Time High
yesterday, the market did not manage to close above
a current major resistance.
I believe that we will see another attempt of the market to breakthrough.
Your bullish confirmation will be a daily candle close above the underlined resistance.
4️⃣ #SILVER #XAGUSD daily time frame 🪙
The price reached an important confluence demand zone
based on a rising trend line and a horizontal key structures support.
Probabilities will be high to see a bullish movement from that.
Do you agree with my market breakdown?
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USDEUX trade ideas
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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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.
Confirming EURUSD corrective downtrend✏️EURUSD is trading in a downtrend channel. SELL signal is triggered at the current price around 1.172 as the H4 candle failed to break 1.176 and confirmed the Sellers' entry into the market clearly. Target for the downtrend is at 1.145, the Sellers' strength needs to overcome the Break out zone of 1.163 first.
📈 Key level
Support 1.163-1.146
Resistance 1.176
SELL DCA Trigger: Break 1.163
BUY Trigger: The price trades about 1.163.
EUR/USD – Smart Money Trap at 1.18? Massive Rejection Ahead 1. Technical Context
The pair has been moving inside a well-defined bullish channel since May, forming higher highs and higher lows. Price is currently hovering around 1.1718, approaching the upper boundary of the channel and a key weekly supply zone (1.1750–1.1850).
➡️ Potential scenario:
A short bullish extension toward 1.1780–1.1820 to trigger stop hunts, followed by a bearish rejection toward 1.1500, and potentially 1.1380.
The daily RSI is overbought (>70), suggesting a likely short-term correction.
2. Retail Sentiment
80% of retail traders are short, with an average entry around 1.1318.
This signals a liquidity cluster above current highs, increasing the likelihood of a fake bullish breakout followed by a sell-off.
➡️ Contrarian insight: Retail heavily short → market may push higher first to wipe them out before reversing lower.
3. COT Report – USD Index (DXY)
Non-commercials (speculators) increased their short exposure on USD (+3,134).
Commercials cut their short positions (-1,994), indicating a potential bottoming on the dollar.
➡️ Conclusion: USD strength could return soon → bearish pressure for EUR/USD.
4. COT Report – EUR FX
Non-commercials increased longs on EUR (+2,980) and sharply reduced shorts (-6,602) → market is now heavily net long.
Commercials remain net short (581,664 vs 417,363 longs).
➡️ Over-leveraged spec longs → vulnerable to downside squeeze if macro sentiment shifts.
5. Seasonality
June tends to be mildly bullish for EUR/USD.
July historically shows even stronger upward performance over the last 5–10 years.
➡️ Shorts are high risk in the very short term, but a bearish setup is likely in the second half of July, especially if price action confirms.
6. Trading Outlook
📍 Short-Term Bias: Neutral to bullish toward 1.1780–1.1820
📍 Mid-Term Bias: Bearish on rejection from supply area and break of channel
🎯 Key Levels:
1.1780–1.1850: critical decision zone (liquidity + weekly supply)
1.1500: first key support
1.1380: next downside target (demand zone + previous POC)
📌 Final Conclusion
The most likely play is a short setup from 1.1780–1.1850 on strong rejection, supported by:
Extreme retail positioning (80% short),
COT pointing to USD recovery,
Extended technical structure,
Overbought RSI on the daily chart.
EURUSD Bearish SMC Setup | Premium Supply Rejection + CHoCH +FVGPair: EUR/USD
Timeframe: 4H
Price reacted strongly from a Premium Selling Zone, forming multiple CHoCH (Change of Character) and BOS (Break of Structure) confirmations.
🔻 Red Zones indicate strong institutional selling
🔺 Weak High is now likely to remain protected
Market structure has shifted bearish, and price is targeting imbalances (IMB) and Fair Value Gaps (FVG) below.
⸻
✅ Entry: Taken from the premium supply rejection
🎯 Target 1: 1.16000 – Minor imbalance fill
🎯 Target 2: 1.15000 – Mid-level demand
🎯 Final Target: 1.14500 – Major liquidity zone
❌ Invalidation: Clean break above 1.18000
⸻
📉 Smart Money Confirmation Setup:
• Premium Supply
• CHoCH
• BOS
• FVG & IMB below
🔄 Missed the entry? Wait for a pullback into lower OB or supply zone.
#EURUSD #SmartMoney #SMC #CHoCH #BOS #FVG #OrderBlock #Forex #LiquiditySweep #SupplyDemand
EUR/USD Price Action – Liquidity Grab & Demand Zones This 1-hour EUR/USD chart highlights key intraday price levels and potential trading zones. The chart identifies the Previous Day High (PDH), New York Session High (NY HIGH), and Previous Day Low (PDL). A notable Trap/Demand Zone just below the Asia High suggests a potential liquidity grab before a reversal or continuation move. Price is currently reacting within this zone, and traders may watch for confirmations of either a bullish continuation toward the PDH or a bearish rejection back to the PDL. The marked zones serve as potential trade entry/exit reference points for intraday strategies.
EURUSD LONG The dollar is looking to fall hard as the euro continues to gain we still see the market long on the euro in terms of institutions etc. we had a weak push to the downside and have now met trend line resistance will be interesting to see what happens from here . The trade isn’t perfect yet but this is what I’m looking at so far .
EURUSD OUTLOOK 8 - 11 JULYNFP and unemployment rate came out bullish for the dollar which caused that big push to the down side. The job market is still holding well thus we are less likely to see the FED cut rates.
Other economic data is still showing that the dollar is weaker against the euro so I'm not going to change my direction bias just yet. Technical analysis also clearly shows that we are still bullish on EURUSD.
We don't have much fundamental data coming out this week so I'm anticipating price to continue lower to give a deeper pullback off of last weeks data, Then next week depending how CPI, PPI and Retails sales go we will get a clearer picture on how to trade the pair.
Last week's 4H outlook is still valid and is more useful when looking to execute trades. This daily Analysis just gives the bigger picture for more of a swing setup analysis
Mastering Risk Management: The Trader’s Real EdgeYou’ve all heard it,
“Cut your losses and let your winners run.”
Simple words — but living by them is what separates survivors from blown accounts.
Here’s some tips on how to approach risk management when trading:
☑️ Risk is always predefined: Before I click Buy or Sell, I know exactly how much I’m willing to lose. If you don’t define risk upfront, the market will do it for you.
☑️ Position sizing: Never risk more than 1–2% of your account per trade. Small losses mean you can keep taking high‑probability setups without fear.
☑️ Always use a stop‑loss: No stop? You’re not trading — you’re gambling.
☑️ Stop‑loss discipline: Place stops where the market proves you wrong — not where it “feels comfortable.” Then leave them alone.
☑️ Focus on risk/reward, not win rate: A 40% win rate can still be profitable if your average reward outweighs your risk.
☑️ Risk/reward ratio: Only take trades with at least a 2:1 or 3:1 potential. You don’t need to win every trade — your winners should pay for your losers (and more).
Remember:
“It’s not about being right all the time. It’s about not losing big when you’re wrong.”
Risk management won’t make your trades perfect — but it will keep you trading tomorrow.
And in this game, staying in the game is everything.
💭 How do you handle risk in your trading? Drop your strategy or tip in the comments — let’s share and learn together! 👇
Thanks again for all the likes/boosts, we appreciate the support!
All the best for a good week ahead. Trade safe.
BluetonaFX
How to Trade the Forex Market on Memorial & Independence days?Trading the foreign exchange (Forex) market on major U.S. holidays like Memorial Day (May 29th) and Independence Day (July 4th) presents a unique set of challenges and requires a strategic shift from typical trading days. While the global Forex market remains technically open 24/5, the closure of U.S. banks and financial institutions leads to significantly reduced liquidity and trading volume, altering the market landscape.
Here’s a comprehensive guide on how to approach Forex trading on these holidays:
Understanding the Market Conditions: The "Quiet" Danger
The primary characteristic of Forex trading on U.S. holidays is a sharp drop in liquidity, especially in currency pairs involving the U.S. dollar (USD). With American traders and institutions away from their desks, the volume of transactions plummets. This "quiet" market environment can be deceptive and carries specific risks:
Wider Spreads: With fewer market participants, the difference between the bid and ask prices for currency pairs tends to increase. This makes it more expensive to enter and exit trades, eating into potential profits.
Increased Volatility and Spikes: Don't mistake low volume for a flat market. With a thin order book, even moderately sized orders can cause sharp, sudden price movements or "spikes." These moves can be unpredictable and may not follow typical technical patterns.
Price Gaps and Slippage: The reduced liquidity can lead to price gaps, where the market jumps from one price to another without trading at the levels in between. This increases the risk of slippage, where your order is executed at a less favorable price than intended.
Ineffectiveness of Some Strategies: Strategies that rely on high volume and momentum, such as breakout trading, are more likely to fail. A perceived breakout may lack the follow-through to become a sustained trend.
Strategic Approaches for Trading on Memorial Day and July 4th
Given the unique market conditions, traders should adopt a cautious and well-considered approach. Here are several strategies to consider:
1. The Prudent Approach: Step Aside
For many traders, particularly novices, the most sensible strategy is to avoid trading altogether on these holidays. The increased risks and unpredictable market behavior can easily lead to unnecessary losses. Consider these days as an opportunity to study the markets, refine your overall trading plan, or simply take a break.
2. Trade with Reduced Size and Realistic Expectations
If you do choose to trade, it is crucial to adjust your risk management:
Lower Your Position Sizes: This is the most critical adjustment. Trading with smaller lots will mitigate the potential impact of sudden price spikes and wider spreads.
Adjust Profit Targets and Stop-Losses: Be realistic about potential gains. The market may not have the momentum for large moves. Consider setting smaller profit targets. At the same time, be mindful that tighter stop-losses can be easily triggered by short-term volatility.
3. Focus on Non-USD Currency Pairs
Since the holidays are U.S.-based, currency pairs that do not involve the U.S. dollar may be less affected, although a general decrease in global liquidity is still expected. Cross-currency pairs such as EUR/JPY, GBP/JPY, or AUD/NZD might exhibit more "normal" behavior than majors like EUR/USD or USD/JPY. However, remain vigilant for lower-than-usual volume across the board.
4. Employ Range-Bound Strategies
In low-liquidity environments, currencies often trade within a defined range. Strategies that capitalize on this behavior can be more effective than trend-following approaches. Look for well-established support and resistance levels and consider trading the bounces off these levels.
5. Be Wary of News from Other Regions
While the U.S. market is quiet, significant economic data or geopolitical news from other regions (Europe, Asia) can still impact the market. With low liquidity, the reaction to such news can be exaggerated. Stay informed about the global economic calendar.
A Day-by-Day Look
Memorial Day (Last Monday of May): This is a major U.S. holiday, and its impact will be felt throughout the 24-hour trading period. Expect very thin liquidity during the Asian and European sessions, which will worsen significantly during what would typically be the busy New York session.
Independence Day (July 4th): The impact of July 4th can sometimes extend beyond the day itself. Often, the trading day before (July 3rd) will also see reduced volume as traders close positions ahead of the holiday. On July 4th, expect market conditions similar to Memorial Day, with a significant drop in activity and the associated risks.
In conclusion, while the allure of a 24-hour market is a key feature of Forex, wisdom lies in recognizing when not to trade with your usual strategy and size. Approaching U.S. holidays like Memorial Day and Independence Day with caution, a revised strategy, and a keen awareness of the risks is paramount for preserving your trading capital. For most, these are days best spent on the sidelines.
Navid Jafarian
After breaking support level, Euro can continue to fallHello traders, I want share with you my opinion about Euro. After forming an ascending channel, the price steadily moved higher and reached a local range area near 1.1850 points. However, once it entered this zone, the momentum faded. The market started showing signs of distribution, and we saw multiple attempts to push higher being rejected. This range acted as a cap, preventing further growth. Now, the price has pulled back and is trading near the current support level at 1.1700, which also coincides with the support area. This zone has already been tested several times, and each bounce has been weaker than the previous one. That suggests growing pressure from sellers. Looking at the broader structure, the price exited the previous triangle formation with an upward move, but now that impulse has exhausted. The rising wedge is also broken. Based on the behavior at resistance and the weakness around the current support, I expect a breakdown from the range and further decline toward TP 1 at 1.1500 points. If bearish pressure continues, the price could eventually reach the major buyer zone around 1.1345 - 1.1300 points. Given the weakening momentum, retests of support, and lack of bullish continuation, I remain bearish and anticipate a continuation of the downtrend. Please share this idea with your friends and click Boost 🚀
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EUR/USD short: The markets are finally ignoring the noise. Hello traders
I have taken a break from trying to trade this chaotic mess we have witnessed over the last few months.
Liberation Day, Big Beautiful Bill, the Middle East as volatile as ever, Iranian nukes destroyed, etc. etc.
On the domestic USA front we have also witnessed daily headlines of the Trump administration being sued, anti-immigration campaign promises being fulfilled, the Judicial system being undermined, for the Love of God, the President of the United States of America saying that he will have to check with his lawyers if he should observe the constitution. And...the independence of the FOMC being threatened on a daily basis. So much for law and order.
Smoke and mirrors, folks. Distractions and chaos.
But the technical indicators never lie. The indicators also reflect the true fundamentals.
In this case, USA inflation is heading higher again. keep an eye on tomorrow's CPE print. Labor market seems OK for now. Therefore, the two projected rate cuts by the FOMC for 2025 have already been priced into the DXY and US 10Y yield. No amount of bullying or public pondering who Chair Powell's replacement will be, can change the fundamentals. Inflation is rearing it's ugly head again. Gold and Bitcoin are both showing daily dojis.
The EUR/USD has already turned down from the 0.786% Fibonacci and there is clear divergence between price and RSI. The parallel up channel also seems to confirm an impending downturn in EUR/USD.
I did initiate a short EUR/USD position at 1.1688 and my entry order to add to the position at 1.1740 just shy of the 0.786% Fibonacci was also fulfilled.
Best of luck all.
EUR/CAD: Long. Is this a "loonie" trade?Hello traders
Clarification: CAD is also referred to as the loonie, a former Canadian one dollar coin.
The 50 base point cut by the BoC was expected. The CAD strengthened against the USD and CAD immediately afterwards. Classic knee jerk reaction of buy the rumor, sell the news.
Both EUR/CAD and EUR/USD have found support on the 4H chart.
The EURO has been on the backfoot against the USD but with the ECB rate decision in less than 24 hours, I have taken a long EUR/CAD position.
The ECB is expected to cut by 25 base points which will still give the CAD a slight advantage. However, the Canadian forward guidance points to more rate cuts to stimulate consumer spending, albeit more gradually/25 points at a time.
This leaves the ECB's forward guidance to cement this idea.
IF Ms. Lagarde once again expresses concern about inflation moving forward, the EURO may appreciate across the board.
Fundamentally the Euro Zone needs this rate cut. The economic conditions are not great at the moment.
That leaves the FOMC next week and also the BOJ to provide us with more forward guidance. Once this is out of the way, we'll have a much better idea what to expect in 2025, bar some more geopolitical unrest or other major market moving event.
Best of luck, all.
The EUR/JPY is also some upside promise but keep in mind, the JPY marches to its own drummer.
DXY is also retreating
EUR/USD Analysis: US Dollar Strengthens at the Start of the WeekEUR/USD Analysis: US Dollar Strengthens at the Start of the Week
On 2 July, on the EUR/USD chart, we noted that the rally—during which the pair had gained more than 6% since mid-May—was under threat, citing several technical signals, including:
→ proximity of the price to the upper boundary of the ascending channel;
→ overbought conditions on the RSI indicator;
→ nearby resistance from the Fibonacci Extension levels, around 1.18500.
Trading at the start of the week points to renewed US dollar strength. This became particularly evident with the opening of the European session, which triggered a decline in EUR/USD to the 1.17500 area.
It is reasonable to assume that the dollar’s strength against the euro is linked to early-week positioning by traders, who are anticipating news regarding US trade agreements.
According to Reuters, the United States is close to finalising several trade deals in the coming days and is expected to notify 12 other countries today about higher tariffs.
EUR/USD Technical Chart Analysis
The ascending channel established last week remains in play, with the following developments:
→ a dashed midline within the upper half of the channel has been breached by bearish pressure (as indicated by the arrow);
→ a series of lower highs in recent sessions suggests the formation of a downward trajectory, within which the price could move towards the channel median—or potentially test its lower boundary.
P.S. In the longer term, analysts at Morgan Stanley maintain a bullish outlook, forecasting that EUR/USD could rise to 1.2700 by the end of 2027.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
A New Chapter Begins with EURUSD’s ABC Wave Formation!🎯 Hey Guys,
I’ve prepared a fresh EURUSD analysis for you.
The market has shifted direction, and an ABC wave structure has emerged.
I’ve placed a Buy Limit order based on my entry level.
Below, you’ll find my detailed target zones and entry specifics:
🟩 Buy Limit Order: 1.17197
🟥 Stop Loss: 1.16903
📌 Targets:
🔹 TP1: 1.17344
🔹 TP2: 1.17538
🔹 TP3: 1.17869
📊 Risk/Reward Ratio: 2.27
Your likes and support are what keep me motivated to share these analyses consistently.
Huge thanks to everyone who shows love and appreciation! 🙏