After a strong mid-June rally, EUR/USD has pulled back into a key fib cluster, showing early signs of reversal from a classic falling wedge pattern — often a precursor to bullish breakouts.
Technical Breakdown:
📉 Descending Trendline
🔍 Fibonacci Confluence:
Price is reacting from the 0.5-0.618 – 0.705 zone (1.16421-1.15969), aligning perfectly with historical demand and the golden zone of the fib retracement.
Just below sits the 0.79 fib (1.15339), which also marks our invalidity level for this idea — a deep but powerful retracement if tested.
💡 RSI:
While still below 50, it has created a hidden bullish divergence between July 12–17, hinting that momentum is flipping back to bulls.
🧠 Educational Insight:
This setup combines Trendlines, Fibonacci retracement theory, and EMA dynamics to build a multi-layered trade thesis — the type of confluence we look for at Wright Way Investments.
Price doesn’t just reverse because it hits a fib level. But when structure, EMAs, and RSI align — the odds increase significantly.
📈 Trade Setup (Idea-Based, Not Financial Advice):
Long Entry Zone: Current area (1.159–1.161), with confirmation above 1.1626
Invalidation: Clean break & close below 1.15339
Target Zones:
🎯 TP1 – 1.1642 (50 fib & retest zone)
🎯 TP2 – 1.1686 (38.2 fib)
🎯 TP3 – 1.1755 (Weekly Resistance)
📌 Summary:
EUR/USD is forming a textbook reversal setup, supported by fib precision and EMA alignment. Patience is key — but the ingredients are here for a strong bullish continuation.
Technical Breakdown:
📉 Descending Trendline
🔍 Fibonacci Confluence:
Price is reacting from the 0.5-0.618 – 0.705 zone (1.16421-1.15969), aligning perfectly with historical demand and the golden zone of the fib retracement.
Just below sits the 0.79 fib (1.15339), which also marks our invalidity level for this idea — a deep but powerful retracement if tested.
💡 RSI:
While still below 50, it has created a hidden bullish divergence between July 12–17, hinting that momentum is flipping back to bulls.
🧠 Educational Insight:
This setup combines Trendlines, Fibonacci retracement theory, and EMA dynamics to build a multi-layered trade thesis — the type of confluence we look for at Wright Way Investments.
Price doesn’t just reverse because it hits a fib level. But when structure, EMAs, and RSI align — the odds increase significantly.
📈 Trade Setup (Idea-Based, Not Financial Advice):
Long Entry Zone: Current area (1.159–1.161), with confirmation above 1.1626
Invalidation: Clean break & close below 1.15339
Target Zones:
🎯 TP1 – 1.1642 (50 fib & retest zone)
🎯 TP2 – 1.1686 (38.2 fib)
🎯 TP3 – 1.1755 (Weekly Resistance)
📌 Summary:
EUR/USD is forming a textbook reversal setup, supported by fib precision and EMA alignment. Patience is key — but the ingredients are here for a strong bullish continuation.
Trade active
💎 FREE FOREX and CRYPTO Signals: t.me/WWInvestmentsFree
🌐 Website: taplink.cc/wrightwayinvestments
🌐 Website: taplink.cc/wrightwayinvestments
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.
💎 FREE FOREX and CRYPTO Signals: t.me/WWInvestmentsFree
🌐 Website: taplink.cc/wrightwayinvestments
🌐 Website: taplink.cc/wrightwayinvestments
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.