Hello traders, what are your thoughts on EURUSD?
Today, EURUSD is facing a clear risk of a downside correction following stronger-than-expected Nonfarm Payroll data. This immediately boosted the US dollar, threatening the pair’s recent bullish momentum.
On the H4 chart, a CHOCH (Change of Character) pattern has just formed, signaling weakening buying pressure. If the price breaks below the 1.1745 support, the following BOS (Break of Structure) sequence could confirm a shift to a bearish market structure. With the Fed likely to maintain higher interest rates for longer and delay rate cut expectations, the USD stands to benefit further.
What do you think — could this be the start of a major reversal?
Today, EURUSD is facing a clear risk of a downside correction following stronger-than-expected Nonfarm Payroll data. This immediately boosted the US dollar, threatening the pair’s recent bullish momentum.
On the H4 chart, a CHOCH (Change of Character) pattern has just formed, signaling weakening buying pressure. If the price breaks below the 1.1745 support, the following BOS (Break of Structure) sequence could confirm a shift to a bearish market structure. With the Fed likely to maintain higher interest rates for longer and delay rate cut expectations, the USD stands to benefit further.
What do you think — could this be the start of a major reversal?
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✅ 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/+8WH4vfLxuwFlMjQ1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+8WH4vfLxuwFlMjQ1
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.