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U.S. DOLLAR / EURO REFERENCE RATE

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EUR/USD Weekly Technical Analysis – Testing Major Resistance📊 EUR/USD Weekly Technical Analysis – Testing Major Resistance 🔥📈 The EUR/USD pair is exhibiting a strong bullish momentum on the weekly timeframe, currently trading at 1.16562, and fast approaching a key resistance zone. 🔵 Key Observations: 📌 Resistance Zone: Blue shaded area between ~1.16500 - 1.19000 is a major resistance level, historically tested in mid-2021. A breakout above this zone could trigger a long-term bullish reversal toward 1.22793 (next major resistance marked by red arrow 🔴). 📌 Support Levels (Yellow Lines): 1.12821 🟡 – Previous minor resistance, could act as immediate support. 1.10543 🟡 – Key support from consolidation zone. 1.06775 & 1.04733 🟡 – Strong support levels during 2023-2024. 1.02063 & 0.96960 🟡 – Long-term base zones (2022 lows), showing double bottom formation (green arrows 🟢). 📌 Structure: Formation of higher lows and higher highs, indicating bullish structure. Recent breakout above consolidation range confirms momentum strength. 📌 Indicators (Bottom Right): Suggest volatility and possible impact of economic or geopolitical events. ⚠️📅📌 ⚠️ What to Watch For: Rejection from Resistance could trigger a correction toward 1.12821 or lower. Breakout above Resistance would expose 1.19000 → then 1.22793 (major target 🎯). Weekly Close Above Resistance will be crucial to confirm the breakout. 📈 Bias: Bullish (Short to Mid-Term) 🧠 Strategy Tip: Traders may look for bullish continuation on breakout and retest above resistance, or short-term pullback entries around support if rejection occurs.
by VikingFx-Community
EUR/USD Potential Rejection from ResistanceTechnical Overview: The EUR/USD chart exhibits signs of a bearish reversal pattern forming near a key resistance zone (1.15800 - 1.16000), highlighted with repeated rejection wicks (🔴 red arrows). Price is currently trading at 1.15222, after failing to hold above the neckline of the rounded bottom pattern. 🔍 Key Observations: 🔺 Resistance Zone: Strong resistance has been confirmed multiple times (red arrows), indicating sellers are active at the top. 🟠 Double Top / Head & Shoulders Behavior: Price action shows topping formations (highlighted with orange circles), suggesting exhaustion of bullish momentum. 📉 Bearish Breakdown Possibility: Price rejected near neckline and is showing bearish candle formations. Breakdown from the current consolidation zone could push price toward the target zone at 1.14491, marked in purple. This aligns with previous support structure, reinforcing a technical downside projection. 🔻 Support Zone: Around 1.13800 - 1.14000 is a strong area of demand and may act as the next bounce point if the bearish move continues. 📐 Chart Pattern Structure: Rounded bottom formed earlier, but the failure to continue higher and breakout suggests a false breakout trap for buyers. Downward sloping trendline broke, but now price is struggling to sustain above previous highs. 📌 Conclusion: ⚠️ Caution for bulls as price shows signs of weakness at resistance. A move below 1.15000 may initiate further downside toward 1.14491 and possibly lower. Short-term traders can watch for confirmation candles near this zone for entries. 📅 Short-Term Bias: Bearish 🎯 Target: 1.14491 ⛔️ Invalidation: Strong breakout above 1.16000
Short
by MrStellanSight
EURUSD – Rejected at Lower High, Bearish Bias BuildsEURUSD has printed a clear lower high near the 1.16100 resistance zone, failing to reclaim the previous swing high. Price is now retreating, approaching the dynamic trendline support intersecting with FVG zones around 1.14650. The structure suggests potential for a short-term bounce—but as long as price remains below the 1.15860–1.16100 resistance zone, the broader setup leans bearish. On the macro side, the ECB’s dovish tilt—hinting at rate cuts due to subdued inflation—has weighed heavily on the euro. Meanwhile, the Fed maintains its hawkish stance, reinforcing dollar strength, especially amid renewed geopolitical tensions that are pushing USD further as a safe haven. If the ascending trendline fails to hold, we may see an accelerated decline toward the 1.13800 area. Watch for a failed retest of 1.15860 as confirmation for short entries.
Short
by Rocky_trade_
EUR/USD 4H Analysis – Bearish Outlook with Key Levels📉 EUR/USD 4H Analysis – Bearish Outlook with Key Levels 📊 🔍 Overview: The EUR/USD pair on the 4-hour chart is showing signs of a potential bearish reversal after testing a strong resistance zone near 1.16000. Price action has rejected this area twice (🔴), confirming it as a significant supply zone. The chart now suggests a descending move toward the strong support zone around 1.12000. 🔑 Key Levels: 🟡 Resistance Zone: 1.15700 – 1.16000 Multiple rejections indicate strong selling pressure. 🟦 Mini Support: Around 1.14550 A minor level where price could react short-term, but not a major barrier. 🔻 Mid-Level Target: 1.13653 Potential bounce zone before continuation downward. 🟥 Strong Support Zone: 1.11500 – 1.12200 Previously held as a launch point for a major rally in May; likely to be tested again. 📈 Scenario Outlook: Bearish Path Expected: Price is forming a series of lower highs and appears to be losing bullish momentum. Target Path (Blue Arrows): A potential drop toward the 1.13653 level is expected, followed by a deeper drop toward the strong support. Rebound Possibility: If the strong support holds, we could see a strong bullish bounce 🔄, potentially creating a longer-term buying opportunity. 💡 Conclusion: EUR/USD is currently in a correction phase. Traders should watch for a confirmed break below 1.14550 for bearish continuation 📉. A drop to the 1.12000 zone may offer a high-probability reversal setup 📊📍. 🔔 Trading Tip: Use caution around mini support; aggressive sellers may enter on any weak bounce. Wait for confirmation before entering positions. 🧠📉
Short
by VikingFx-Community
EUR/USD Bullish Reversal Breakout Pattern EUR/USD Bullish Reversal Breakout Pattern 🚀📈 📊 Technical Analysis Summary: The chart illustrates a strong bullish reversal pattern forming on the EUR/USD pair: 🔹 Double Bottom Formation (🔶🔶): Two clear bottom zones are marked with orange circles near the 1.14400–1.14500 area, indicating strong buying interest and support. The second bottom confirms the double bottom pattern, often a precursor to an upward trend. 🔹 Support Zone (📉): Firm support around 1.14450, as highlighted on the chart. Price has respected this zone twice, bouncing back with bullish momentum each time. 🔹 Neckline Breakout (🔼): Price is approaching the neckline zone at 1.16087, which acts as the bullish target. A break and close above this neckline will confirm the reversal and open the way toward the resistance zone around 1.16500. 🔹 Projected Move (🎯): If the neckline breaks, price is expected to surge towards 1.16500, aligning with the historical resistance. This move completes the measured target projection from the double bottom structure. 🔹 Bullish Structure: Higher lows and strong bullish candles are reinforcing the uptrend momentum. Curved trajectory shows accumulation followed by a breakout phase. 📌 Key Levels to Watch: Support: 1.14450 – 1.14500 Neckline/Target: 1.16087 Resistance: 1.16500 🛑 Invalidation: A strong breakdown below support (1.14450) would invalidate this bullish setup. ✅ Conclusion: EUR/USD is exhibiting a textbook bullish reversal setup with a potential breakout above 1.16087 likely to trigger further upside toward 1.16500. Ideal scenario for bullish entries on
Long
by MrStellanSight
EURUSD – Weakening Trend, Risk of Deeper CorrectionThe EURUSD pair is gradually losing its bullish momentum after failing to hold above the 1.1510 level, forming a series of lower highs. The recent decline is dragging the price back toward the long-term ascending trendline. If buyers fail to defend the support area around 1.1380 — a confluence of the trendline and the most recent swing low — the previous uptrend structure could be invalidated. On the news front, the euro is under pressure following cautious remarks from the ECB, while recent PMI and inflation data from the Eurozone suggest slowing economic growth. Meanwhile, the Federal Reserve in the US maintains a hawkish stance, reinforcing USD strength and applying double pressure on EURUSD.
Short
by Rocky_trade_
EUR/USD Potential Reversal from Resistance Zone –Bearish OutlookThe EUR/USD pair has been trading within a well-defined ascending channel for several weeks. Price recently tested a strong resistance zone near 1.15850 – 1.16000, which aligns with the upper boundary of the channel and a previously marked supply area. Key observations: The price action shows signs of rejection from the resistance zone with a potential double-top or fakeout pattern forming. A projected bearish trajectory is marked, suggesting a possible break below the channel support. Immediate bearish targets are set at key demand zones around 1.14500, 1.12500, and further down to 1.10500. A large red arrow indicates the strong downside bias if the price confirms the breakdown. Conclusion: If EUR/USD fails to sustain above the 1.15850 resistance zone and breaks below the ascending channel, a strong bearish correction is anticipated. Traders should watch for confirmation of the breakdown before entering short positions.
Short
by ZareeFxTradingAac
EUR/USD Bearish Reversal in Channel EUR/USD Bearish Reversal in Channel 📉🔻 📊 Technical Analysis Overview: The EUR/USD pair is showing clear bearish pressure after hitting a key resistance zone near 1.16500, which aligns with the upper boundary of the ascending channel 📐. 🔺 Resistance Area: Price reacted strongly to the 1.16500–1.16000 resistance zone (marked with red arrows ⬇️). Double rejection near this level confirms seller dominance. 📉 Bearish Structure: Price is forming lower highs, suggesting weakening bullish momentum. The current pattern implies a potential head and shoulders or rising wedge breakdown. 🎯 Target Levels: Primary Target: 1.13560 🔽 (short-term key support marked in purple). Extended Target: 1.12000–1.12500 zone 🧲 (major support area at the lower boundary of the channel). 📎 Support Zone: Historical bounce region around 1.12000–1.12500 is a strong demand area. 🔍 Conclusion: If price breaks below 1.13560, it opens the path for a deeper drop toward the broader support range. Traders should monitor for confirmation signals below that level 📉🚨. ⚠️ Recommendation: Bearish bias remains valid unless price breaks back above 1.15500. Look for pullbacks for short entries. Tight risk management advised! 💼📉
by MrStellanSight
EURUSD NEXT POSSIBLE MOVEVANTAGE:EURUSD 🔵 EUR/USD | 17 June 2025 | ICT Intraday Outlook --- 🧠 Market Context: The market opened today below the previous day’s midrange, suggesting a neutral to bearish tone in early sessions. We are currently within a consolidation between PDH and PDL, and watching for a liquidity sweep + BOS setup in either direction. 📌 Buy Scenario (Bullish Bias): If price breaks above 1.14312 (previous structure) and sweeps buy-side liquidity, then: Expect a retracement back into the FVG or OTE zone between 1.14100–1.14200 Confirmation of displacement + bullish order block around this zone could signal a long opportunity. 🎯 Buy Target: Retest of PDH 1.14577, extended target toward 1.14780 and above. 📌 Sell Scenario (Bearish Bias): If price breaks below 1.13715 (PDL), expect: Sell-side liquidity sweep, leading to a displacement candle Wait for price to retest 1.13700–1.13820 area (M15 OB/FVG) If lower high confirms, watch for short setups 🎯 Sell Target: Drop into the sentimental level of 1.13420 🔑 Summary: Direction Trigger Break Level Entry Zone Target Buy Break & sweep 1.14312 1.14100 – 1.14200 (OTE) 1.14577 → 1.14780 Sell Break 1.13715 1.13700 – 1.13820 retest 1.13420 (sentiment) 📊 Market Model: ICT Liquidity Sweep + Displacement + Entry Model (FVG or OB) 📅 Session: London to NY overlap
Short
by FX_MONSTER_EURUSD
EURUSD – Buyers Remain in Control, Awaiting Confirmation SignalThe EURUSD pair posted a slight pullback after reaching the upper resistance zone of the ascending channel around 1.16130 on June 12. However, the bullish structure remains intact, with higher lows and clear respect for the upward channel on the 8H chart. Technically, the 1.14590 zone — which aligns with both the trendline and the EMA34 — will act as a key support area. If the price holds this level and rebounds, the likelihood of retesting the 1.16130 high is strong. Conversely, a break below 1.14590 could trigger a deeper correction. On the fundamental side, the euro is supported by expectations that the ECB will maintain its current interest rates, while cooling U.S. CPI data has weakened the dollar.
Long
by Rocky_trade_