After a strong rebound toward the 1.18400 zone driven by short-term optimism, EURUSD is now facing a potential reversal as price stalls within multiple Fair Value Gap zones. The chart reveals weakening bullish momentum, with lower highs forming inside a key resistance area.
Fresh U.S. data: Jobless claims dropped more than expected, giving the USD a solid boost. Meanwhile, the ECB remains hesitant, showing little conviction as Eurozone inflation cools.
A bearish scenario is unfolding: price forms a flag pattern → breaks the ascending channel → targets 1.17300. A break below this level could send EURUSD toward 1.16500 or even lower.
Bulls, beware! This could be a bull trap — and the bears are gearing up for a counterattack.
SELL setup: Look for bearish reversal signals around 1.18300–1.18400. Stop-loss above the high, first target at 1.17300.
Fresh U.S. data: Jobless claims dropped more than expected, giving the USD a solid boost. Meanwhile, the ECB remains hesitant, showing little conviction as Eurozone inflation cools.
A bearish scenario is unfolding: price forms a flag pattern → breaks the ascending channel → targets 1.17300. A break below this level could send EURUSD toward 1.16500 or even lower.
Bulls, beware! This could be a bull trap — and the bears are gearing up for a counterattack.
SELL setup: Look for bearish reversal signals around 1.18300–1.18400. Stop-loss above the high, first target at 1.17300.
Trade active
Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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.
Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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.