EUR/USD - Potential Long Continuation.Most of the OB are being respected in the 15 minute time frame.
Now price is retracing to the downside after touching the bearish POI (15m) and I am anticipationg that price will retrace back to the bullish OB (15m) and start pushing higher during NY Session.
I believe the latest OB created should be a high probability OB as it has swept Asian Low and start displacing further , showing sign of bullish momentum.
USDEUR trade ideas
EURUSD Technical Breakdown | Bearish Reversal Ahead?The Euro is showing signs of a potential major trend reversal after completing a strong rally within an ascending channel.
🔎 Chart Analysis:
Price surged out of a long consolidation range and followed a parabolic curve.
The pair reached the upper boundary of the ascending channel and started stalling.
Early signs of a distribution phase are visible, hinting at possible downside momentum.
📉 Bearish Scenario In Play:
A break below 1.1600 could accelerate the sell-off.
Key support zone at 1.14526 — potential first reaction level.
If momentum continues, next major support rests at 1.12329.
Short-Term Outlook:
Watch for breakdown confirmation below the channel.
Risk management is key; consider short entries on bearish candle confirmation.
💬 What’s your view? Are the bears finally taking over EUR/USD? Drop your thoughts below! 👇
#EURUSD #Forex #TechnicalAnalysis #PriceAction
EURUSD Sell, June 27HTF shows reaction from W/D Orderblocks with multiple Daily imbalances below as downside targets. While GBPUSD is also at a valid D OB, EU gives clearer confirmation on LTF.
On LTF, price opened London above Asia highs (ideal for short setups) and showed 15m BOS into a 15m POI.
We've tapped into a 5m Orderblock inside the 15m zone, followed by a clean 1m BOS.
📍Entry: 5m OB with SL above highs (tight 10 pip risk)
🎯 TP1: 1:3 (75% off)
🎯 Final TP: Below Asia low & Daily imbalance
📉 Risk: 0.25% (reduced it for more consistency)
Confident setup — but if price rallies to the upper 5m OB and leaves without us, that’s part of the plan. No chasing.
should be going up after correction ends.cant be certain when it comes down to correction waves, it might be here 1.1211 it might go little bit more down around 1.1152 or 1.10 but when it ends it will go for higher than 1.17 also correction wave lenght will give us a better idea where the tp should be so i will keep my first buy position and will add when i am certain when next impulse wave started.
EUR/USD Pair Hits Yearly HighEUR/USD Pair Hits Yearly High
Yesterday, the EUR/USD exchange rate rose above the 1.1700 level for the first time this year. The last time one euro was worth more than 1.70 US dollars was in autumn 2019.
The main driver behind the euro’s rise is the weakening dollar, largely due to decisions made by the Trump administration. This week alone, the EUR/USD pair has gained more than 2%, partly as a result of escalating tensions between the US President and the Chair of the Federal Reserve.
According to Reuters, Trump called Powell “terrible” and said he had three or four candidates in mind for the top job at the Fed. It was also reported that Trump had considered selecting and announcing a replacement for Powell by September or October (his current term officially runs until May 2026).
Technical Analysis of the EUR/USD Chart
Price movements are forming an upward channel (highlighted in blue), with the following observations:
→ Midweek, the price consolidated around the channel’s median line (as indicated by arrow 1);
→ It then broke through the 1.6300 level with strong bullish momentum (shown by arrow 2), a level that had acted as resistance earlier in the month;
→ The long upper wicks on the candles forming yesterday’s highs (circled) suggest increased selling pressure near the upper boundary of the channel.
Given this, we could assume that in the short term, the price might form a new consolidation zone around the median line above the 1.6300 level. Significant fundamental catalysts would be required to break the developing upward trend.
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EUR/USD Short Idea Analysis EUR/USD exhibits bearish potential on the daily timeframe, with the 1.17160–1.18070 zone acting as a key resistance area for a short setup.
Technical Analysis:
Price Action: Price is testing the 1.17160–1.18070 resistance zone, which aligns with prior highs and a rejection area. A bearish reversal pattern (e.g., shooting star or engulfing) could confirm the short.
Support/Target: Initial support at 1.1600, with a deeper target at 1.1500 if selling pressure accelerates.
Indicators: RSI is nearing overbought levels (above 65), suggesting a potential reversal. MACD shows weakening bullish momentum, supporting a bearish bias.
Fibonacci: The 1.17160–1.18070 zone aligns with the 78.6% Fibonacci retracement of the prior downmove, reinforcing resistance.
Risks: A break above 1.1820 could invalidate the setup. Watch for ECB policy updates or unexpected US data shifts.
Conclusion: The 1.17160–1.18070 resistance zone offers a compelling short opportunity for EUR/USD, backed by technical and fundamental factors. Use tight risk management due to potential volatility.
EUR/USD 4-Hour Chart (OANDA)4-hour performance of the Euro/US Dollar (EUR/USD) currency pair, sourced from OANDA. The current exchange rate is 1.17152, reflecting a 0.12% increase (+0.00136). The graph shows a recent upward trend, with a highlighted resistance zone around 1.17187, where the price has approached but not consistently broken through. The timeframe spans from late June to early July 2025, with key price levels marked on the right side ranging from 1.14500 to 1.18000 USD.
The Day Ahead Friday, June 27 – Market Focus
A packed session lies ahead with key inflation, growth, and sentiment data releases from major global economies, alongside speeches from central bank officials that could shape rate expectations.
United States:
Markets will closely watch the May PCE inflation report—the Fed’s preferred gauge of inflation—alongside personal income and spending figures. A cooler-than-expected core PCE could fuel speculation of rate cuts later this year. Also on tap: Kansas City Fed's June services activity, providing a regional pulse on service-sector momentum.
China:
May industrial profits will offer further clarity on the pace of China's manufacturing rebound, with implications for commodity-linked assets and Asian market sentiment.
Japan:
A comprehensive data dump includes June Tokyo CPI—a key inflation proxy—alongside the May jobless rate, job-to-applicant ratio, and retail sales. These will be crucial for BOJ watchers amid ongoing policy normalization debates.
Europe:
France releases a triple dose of data—June CPI, May PPI, and consumer spending—while Italy publishes June consumer and business sentiment figures, plus May PPI and April industrial sales. At the Eurozone level, June economic confidence will help assess regional momentum amid ECB’s dovish pivot.
Canada:
The spotlight is on April GDP, with the economy's performance key to shaping BOC rate expectations. A weak print could cement the case for further easing.
Central Banks:
Speeches by Fed’s Williams, Hammack, and Cook, along with ECB’s Rehn, may provide clues on future policy paths, especially if they comment on recent inflation data or labor market dynamics.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
EUR/USD - Potential TargetsDear Friends in Trading,
How I see it,
Key Confluence SUPPORT & DEMAND @ 1.16000 area
Potential correction before bullish continuation
"LONG" Targets:
1] 1.17445
2] 1.18700 - MAJOR LIQ. LEVEL
Keynote:
I will not sell the correction; I will wait for bullish confirmation within key support
area on at least 1HR + 4HR timeframes.
Only after a strong breach of support & demand area (1D candle body),
will I consider looking for any short setups.
I sincerely hope my point of view offers a valued insight.
Thank you for taking the time to study my analysis.
EURUSD BuyExternal structure is bullish and the continuation structure failed to make the high. Price came lower and during Asia session it took out the low(inducement) and mitigated an Order Block. Price taking out the internal low that failed to create the higher high is the fuel to push upward. we need to wait and see how Frankfurt and London open play out. It is Friday so I'm not going to be surprised if it does some weird moves.
Profit TakingYesterday, EURUSD continued its bullish move and reached 1,1747.
Currently, we focus more on reducing risk and taking profits rather than entering new positions.
We’re approaching the final days of the quarter, and next week brings key economic events.
New entries will be considered only if a favorable risk-reward setup presents itself.
The next resistance remains at 1,1778!
EURUSD Elliott Wave Update: Upward Momentum ResumesThe EURUSD Elliott Wave sequence initiated from the September 2022 low reveals an incomplete bullish structure, signaling potential for further upside. A short-term rally from the May 29, 2025 low is currently unfolding as a five-wave impulse. As depicted in the 1-hour chart below, wave ((i)) peaked at 1.16319. A corrective wave ((ii)) followed which concluded at 1.14435. The internal structure of wave ((ii)) formed a zigzag pattern, with wave (a) declining to 1.1486 and wave (b) rebounding to 1.1614. Wave (c) completed the correction at 1.144, finalizing wave ((ii)) in the higher degree.
The pair has resumed its ascent in wave ((iii)), exhibiting an impulsive internal subdivision. From the wave ((ii)) low, wave i advanced to 1.1544, followed by a minor dip in wave ii to 1.1451. Wave iii surged to 1.1641, with a subsequent wave iv pullback ending at 1.1587. The final leg, wave v, culminated at 1.1745, completing wave (i) in the higher degree. A corrective wave (ii) pullback, likely a three-wave zigzag, appears to have concluded at 1.1678. However, a break above the wave (i) high at 1.1745 is required to negate the possibility of a double correction lower. Given the shallow nature of the wave (ii) pullback, the risk of a deeper correction remains. However, as long as the pivotal low at 1.144 holds, dips should attract buyers in 3, 7, or 11 swings, supporting further upside momentum.
EUR/USD Rally Continues – 1.18000 in SightHi Everyone,
As outlined in our analysis last week, we anticipated a continued move higher toward the 1.16564 and 1.18325 levels, provided price held above 1.14483.
Price respected this level, and EUR/USD extended its rally, reaching our first key target at 1.16564 and pushing above 1.17400 — marking the highest level since February 2022.
A successful bounce from above 1.16680 or slightly lower at 1.15998 would offer near-term support for a potential retest of the 1.17400 zone. A confirmed break above this resistance could pave the way for a move toward 1.18000, where we anticipate encountering dynamic resistance.
We will provide further updates on the projected path for EUR/USD should price reach this level.
The longer-term outlook remains bullish, with expectations for the rally to extend toward the 1.2000 level, provided the price holds above the key support at 1.10649.
We will continue to update you throughout the week with how we’re managing our active ideas and positions. Thanks again for all the likes/boosts, comments and follows — we appreciate the support!
All the best for a good end to the week. Trade safe.
BluetonaFX