Hello everyone! What are your thoughts on EURUSD?
Lately, the euro has been under pressure due to growing weakness in the Eurozone economy. The European Central Bank (ECB) has sent out more cautious signals in response to rising recession risks and cooling inflation. This increases the likelihood that the ECB may wrap up its tightening cycle earlier than the Fed – a shift that could weigh heavily on EURUSD.
From a technical standpoint, EURUSD recently hit a peak around 1.1766 after several attempts, and a CHOCH (Change of Character) reversal pattern may be forming. If the pair fails to reclaim the 1.1766 zone, a deeper downside scenario is likely to unfold.
As for me, I’m currently favoring short setups, especially around supply zones or after failed retests. Discipline and solid risk management remain my top priorities.
How about you? What’s your take on this pair?
Lately, the euro has been under pressure due to growing weakness in the Eurozone economy. The European Central Bank (ECB) has sent out more cautious signals in response to rising recession risks and cooling inflation. This increases the likelihood that the ECB may wrap up its tightening cycle earlier than the Fed – a shift that could weigh heavily on EURUSD.
From a technical standpoint, EURUSD recently hit a peak around 1.1766 after several attempts, and a CHOCH (Change of Character) reversal pattern may be forming. If the pair fails to reclaim the 1.1766 zone, a deeper downside scenario is likely to unfold.
As for me, I’m currently favoring short setups, especially around supply zones or after failed retests. Discipline and solid risk management remain my top priorities.
How about you? What’s your take on this pair?
Trade active
Trade closed: target reached
✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
Related publications
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.
✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
Related publications
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.