EurUsd - This is the deadly breakout!EurUsd - FX:EURUSD - is about to fly:
(click chart above to see the in depth analysis👆🏻)
EurUsd has been rallying about +15% over the past couple of months. Additionally the breakout at the current resistance trendline is about to be confirmed. Subsequently EurUsd is setting up for another major move higher, which will be painful for all European traders.
Levels to watch: $1.23, $1.11
Keep your long term vision🙏🙏
Philip (BasicTrading)
EURUSD trade ideas
What is Dynamic Support and Resistance Levels & Zones in Forex
Dynamic supports and resistances play a crucial role in technical analysis.
Unlike classic supports and resistances, these zones change and adapt to a market price action in real time.
Learn what is dynamic support and resistance in Forex, Gold trading and how to find it easily.
Discover its main types and real market examples.
Let's start with the basics.
There are 2 major types of supports and resistances in technical analysis.
The first type is called static .
Such supports and resistances are fixed and don't change with time.
It should be strictly horizontal key levels or the zones.
Market price action and momentum beyond them do not affect these supports and resistances.
In the example above, you can find static supports and resistances on Gold. The market may return to one of those levels or the zones today, tomorrow or in a month, but it will not move.
In comparison to static supports and resistances, the dynamic ones shift with time. They constantly change and adjust as the time flies.
One of the obvious types of dynamic supports and resistances is a trend line.
Above is the example of a dynamic rising support based on trend line.
As the time goes, a support shifts and becomes higher and higher.
I found a great example of a dynamic resistance on Dollar Index.
Depending on the moment when the price tests that, the resistance will be on different levels.
The later the price tests the trend line, the lower is the resistance.
When newbie traders learn dynamic supports and resistances, they usually stop on trend lines.
But it is just a beginning.
Really significant dynamic supports are resistances will be the zones .
The areas based on static horizontal supports and resistances and trend lines.
Examine a price action on GBPCHF forex pair.
We have a static horizontal support area and a dynamic rising trend line.
Two supports intersect, composing a contracting dynamic support zone.
With time, it will become narrower, accumulating buy orders within.
On NZDCAD forex pair, I underlined a contracting dynamic resistance zone that is based on an intersection of a static horizontal resistance area and a falling trend line.
Selling orders will be distributed within.
The 2 dynamic support and resistance zones that we discussed are narrowing , but that is not always the case.
A dynamic support zone that I found on GBPNZD is expanding and broaden with time.
It is based on a dynamic falling trend line and a static horizontal support.
With time its boundaries will be wider and a bullish reaction may initiate from any level within that.
A dynamic resistance area that I spotted on EURCAD forex pair is a great example of an expanding resistance.
It is based on a static horizontal resistance and a rising trend line.
We can easily recognize how it grows with time.
Of course, another types of dynamic supports and resistances exist. But they are more nuanced and rare.
As soon as you learn to recognize the clusters that we discussed in this article, you will be able to recognize the less obvious ones as well.
Next time, when you execute a support and resistance analysis, try to find a dynamic zone. You can find it on any time frame, and forex pair and gold, and it will completely change your perspective on the market.
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EURUSD Bearish IdeaAs you can see, EURUSD is in a small retracement of its uptrend, and in this retracement, it is constantly mitigating the supply zones. Therefore, in this current idea, we will wait for the price to reach the supply zone, if it gives confirmation, execute the sell order, and our target is the HTF demand zone.
EURUSD - Bears Are on the MoveHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURUSD has been overall bearish trading within the falling wedge pattern marked in red. And it is currently retesting the upper bound of the wedge.
Moreover, the blue zone is a strong structure.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red trendline and structure.
📚 As per my trading style:
As #EURUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EUR/USD Bearish Setup H4 Chart AnalysisMarket Structure:
Current Price: 1.17057
The market has rejected a key resistance zone around 1.17600–1.17800 (highlighted in yellow).
Price formed a lower high, suggesting bearish momentum is taking control after an uptrend.
The pair is trading around a key trendline and Ichimoku cloud, with a likely break below.
Bearish Signals:
1. Double Top / Lower High Formation near 1.17600 indicates potential reversal.
2. Bearish Projection Drawn: Expecting a drop after the neckline break.
3. Support Zones Marked:
First Support/TP1: 1.1650 – 1.1595
Second Support/TP2: 1.1456
Final Target/TP3: 1.1351
EURUSD → Bullish daily structure. Correction before growthFX:EURUSD , after significant growth and a break of structure, has entered a local correction, the target of which may be a phase of accumulation of potential for updating intermediate highs (1.183).
The daily market model is bullish. A break of the structure has formed on D1, and the market is entering a correction phase, during which it may be interested in testing 0.5 or the 0.7 Fibonacci area before continuing its growth. I would also like to draw attention to the previously broken resistance level of 1.164 - 1.163, which, within the current correction, may act as a support level for buyers...
In addition, the market has not yet reached the liquidity level it was heading for during the correction for a possible continuation of growth. Zone of interest: 1.168, 1.164, 1.159
Resistance levels: 1.1728, 1.1766
Support levels: 1.168, 1.164, 1.159
A false breakdown of the specified support zone could change the market imbalance and attract buyer interest, which could generally support the bullish trend.
Best regards, R. Linda!
Thursday July 10th – EURUSDEURUSD didn’t give us any trade setups yesterday and is still respecting the short-term bearish trendline. Price has remained below 1.17500, acting as resistance, and hasn’t given confirmation for buys.
We’re still watching the same key zones:
✅ Safe buys: Above 1.17500 if we get a solid break and bullish close.
✅ HRHR buys: Retest of 1.16898 (Wednesday's low) showing rejection or support.
Until either of those levels are tapped, I’m not taking trades on this pair. Current structure still offers no low-risk opportunities. Let it come to us.
EURUSD – Breakout Confirms Bullish ContinuationEURUSD has just successfully broken out of a corrective triangle pattern, confirming that the bullish structure remains intact. The price reacted well to the support zone around 1.1660 and bounced back, opening the way toward the 1.1820 target in the short term.
On the news front, the euro is gaining support as the Eurozone’s July CPI held steady at 2.6%, indicating that inflationary pressures have not fully eased—this may prompt the ECB to maintain a tighter policy for longer. Meanwhile, the USD is under mild correction pressure after U.S. CPI came in higher than expected but not strong enough to reignite rate hike expectations from the Fed.
Given the current technical setup and news backdrop, EURUSD could continue rising in the coming sessions as long as it holds above the trendline support.
$EU (EURUSD) 1HPrice has been in a short-term downtrend with lower highs and lower lows. Recently, price tapped into a clear demand zone (marked gray at the bottom), showing strong bullish rejection and mitigation.
A clean break of the descending trendline confirms a potential shift in market structure.
Price has now retraced into a Fair Value Gap (FVG) after the breakout — a bullish continuation setup.
As long as price holds above the FVG and demand zone, expect a continuation toward external liquidity above - Demand Zone (1.16700–1.16950)
If price breaks back below the FVG and especially under the demand zone, the bullish scenario weakens
Eurousd techinical analysis.This chart shows the EUR/USD currency pair on a 1-hour timeframe. Here's a breakdown of the key technical elements:
Key Features:
1. Purple Zones (Rectangles):
Top Rectangle (~1.1695 - 1.1700): Resistance zone.
Bottom Rectangle (~1.1660): Support zone.
2. Pink Descending Trendline:
Represents a downtrend or dynamic resistance.
Price recently approached or tested this trendline from below.
3. Yellow Zigzag and Arrow:
Illustrates potential price movement—an anticipated rejection from the trendline and a move down toward support.
4. Current Price:
1.16858, sitting just below the trendline and within the resistance zone.
---
Interpretation:
Bearish Bias: The chart suggests a potential short opportunity if the price fails to break
EURUSD Reaches Monthly Overbought RSI Last Seen in 2020Unlike the DXY, EURUSD has broken above the upper boundary of its 17-year descending channel. However, further upside may be capped as the DXY retests its 17-year support and monthly RSI retests 2020 overbought levels.
A clean break and hold above 1.1830 could open the path toward 1.20 and 1.24. On the downside, if the pair pulls back below 1.17, support levels at 1.14, 1.12, and 1.10 may come into play — aligning with the former channel resistance, now acting as support.
- Razan Hilal, CMT
EURUSD H1 I Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.1681, which is a pullback resistance.
Our take profit will be at .1642, an overlap support level.
The stop loss will be placed at 1.1714, a swing-high resistance level.
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EURUSD – 5-Wave Wedge Complete, Eyes on the Wall
Hello traders! 👋
Hope you're all having a strong and focused week in the markets. Let’s take a moment to walk through this beautifully structured 5-leg wedge formation on EURUSD.
📌 Pattern Breakdown
We’ve just seen a clean completion of a 1-2-3-4-5 descending wedge sequence — each leg clearly defined and well-behaved within structure:
🔹 Wave 1 to 5 forms a compression wedge
🔹 Wave 5 completes at the lower boundary
🔹 Price reacts aggressively from 1.1662 low
This bounce is now headed back into a key decision zone:
🔸 The WALL between 50%–61.8% fib retracements (1.1699–1.1707)
🔸 Lining up with prior structure + downward trendline pressure
🚧 What Now?
We’ve got:
A reaction off a completed wedge
Price heading into a confluence wall
Dynamic resistance (dashed trendline) overhead — watch the red arrows
A rejection from this zone could provide the next wave of momentum. On the flip side, a clean break through might lead to trendline breakout continuation.
🧠 Key Concepts
✅ 5-wave compression
✅ Completion + reversal reaction
✅ Fib & structural confluence
✅ Clear invalidation + decision-making level
🗝 Final Thoughts
This is what we call measured trading. Let price show you what it wants — structure gives the framework, and reaction gives the trigger. Stay disciplined and always let the pattern prove itself.
#TradeChartPatternsLikeThePros
EURUSD(20250715) Today's AnalysisMarket news:
Sources said that after Trump's latest trade tax threat, the European Central Bank will discuss a more negative scenario next week than expected in June. The ECB is still expected to keep interest rates unchanged at its meeting on July 24. Discussions on rate cuts are still postponed to September.
Technical analysis:
Today's buying and selling boundaries:
1.1671
Support and resistance levels:
1.1714
1.1698
1.1687
1.1654
1.1644
1.1628
Trading strategy:
If it breaks through 1.1671, consider buying in, the first target price is 1.1687
If it breaks through 1.1654, consider selling in, the first target price is 1.1644
Eurousd techinical analysis.This chart displays the EUR/USD (Euro/US Dollar) currency pair on a 1-hour timeframe, with a technical analysis setup that includes:
1. Downward Trendline (Pink): This suggests a prevailing bearish trend, with price respecting lower highs.
2. Support and Resistance Zones (Purple Boxes):
Several horizontal purple rectangles highlight areas of previous support and resistance.
These zones represent price levels where buying or selling pressure has historically emerged.
3. Price Action & Pattern (Yellow Line):
A clear "M" shape or double-top pattern formed, indicating potential bearish reversal.
The pattern breaks down below a key support zone, suggesting a continuation to the downside.
4. Projection Arrow (Yellow Arrow):
The yellow arrow
Descending Channel Pattern Forming in EUR/USDThe EUR/USD pair is currently trading within a well-defined descending channel on the 1-hour timeframe, as shown in the chart. The pair has been making consistent lower highs and lower lows, indicating a bearish trend. The red downward-sloping resistance line has been respected multiple times, while the green support line continues to act as a buying zone for bulls.
The resistance trendline has been tested five times (marked with red arrows), confirming strong selling pressure.
The support line has held three key touches (green arrows), suggesting buyers are still defending this level.
A breakout below the support zone could lead to further downside, while a reversal or breakout above resistance may trigger bullish momentum.
Traders should watch for volume confirmation and breakout direction before entering new positions.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EURUSD(20250714) Today's AnalysisMarket news:
① Fed's Goolsbee: The latest tariff threat may delay rate cuts. ② The Fed responded to the White House's "accusations": The increase in building renovation costs partly reflects unforeseen construction conditions. ③ "Fed's megaphone": The dispute over building renovations has challenged the Fed's independence again, and it is expected that no rate cuts will be made this month. ④ Hassett: Whether Trump fires Powell or not, the Fed's answer to the headquarters renovation is the key.
Technical analysis:
Today's buying and selling boundaries:
1.1689
Support and resistance levels:
1.1738
1.1719
1.1707
1.1670
1.1658
1.1640
Trading strategy:
If the price breaks through 1.1689, consider buying in, with the first target price of 1.1707
If the price breaks through 1.1670, consider selling in, with the first target price of 1.1658
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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