| Daily Timeframe | Outlook (Published July 29, 2025)
⚠️ Setup Summary:
This chart is highlighting a critical juncture for EUR/USD, where price is nearing a major decision zone. Based on price action and wave structure, there are two likely scenarios unfolding. Let’s break it down simple .
EUR/USD has seen a strong bullish rally from March to July, but current price action suggests momentum exhaustion. Now, we’re watching for signs of a reversal or deeper correction in the coming weeks.
📊 Two Probable Scenarios:
✅ Case 1 – Simple Corrective Wave (ABC Pattern)
Expected Move:
Price may spike up into the 1.186–1.199 zone (final bull trap/liquidity grab)
Followed by a sharp bearish move (impulse C wave) towards 1.10505 zone
This reflects a clean correction before possible reaccumulation
📌 This is often seen after retail traders get caught chasing highs late in a move.
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✅ Case 2 – Complex Corrective Wave (ABCDE Flat/Running Triangle)
Expected Move:
A longer, more sideways and choppy correction into Q1 2026
Price forms a distribution pattern under resistance
After a breakout below the structure, a sharp drop to 1.10505 zone (or deeper)
📌 This is a slower bleed-out pattern before continuation lower. Often traps both buyers and sellers in the chop.
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🎯 Current Price: 1.15756
We are in a decision zone, and watching the reaction around 1.165–1.186 will be crucial to validate either Case 1 or Case 2.
---
💡 My View:
> Wait for confirmation at the 1.186 zone.
If price rejects strongly from there, Case 1 is in play. 👈❤️
If price chops sideways and holds higher for weeks, expect Case 2 structure.
---
🚨 Reminder for Traders:
Don’t chase moves — let the market show its hand
Use proper risk management
Combine this structure with session timing, liquidity sweeps, and fundamental events
---
💬 Drop a comment if you're seeing similar setups in other majors!
🧠 Follow for real-time updates & actionable setups.
#EURUSD #ForexAnalysis #WaveTheory #SmartMoney #OrderBlock #LiquidityHunt #ForexStrategy #ElliottWave #PriceAction #FXTrader #TradingView
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⚠️ Setup Summary:
This chart is highlighting a critical juncture for EUR/USD, where price is nearing a major decision zone. Based on price action and wave structure, there are two likely scenarios unfolding. Let’s break it down simple .
EUR/USD has seen a strong bullish rally from March to July, but current price action suggests momentum exhaustion. Now, we’re watching for signs of a reversal or deeper correction in the coming weeks.
📊 Two Probable Scenarios:
✅ Case 1 – Simple Corrective Wave (ABC Pattern)
Expected Move:
Price may spike up into the 1.186–1.199 zone (final bull trap/liquidity grab)
Followed by a sharp bearish move (impulse C wave) towards 1.10505 zone
This reflects a clean correction before possible reaccumulation
📌 This is often seen after retail traders get caught chasing highs late in a move.
---
✅ Case 2 – Complex Corrective Wave (ABCDE Flat/Running Triangle)
Expected Move:
A longer, more sideways and choppy correction into Q1 2026
Price forms a distribution pattern under resistance
After a breakout below the structure, a sharp drop to 1.10505 zone (or deeper)
📌 This is a slower bleed-out pattern before continuation lower. Often traps both buyers and sellers in the chop.
---
🎯 Current Price: 1.15756
We are in a decision zone, and watching the reaction around 1.165–1.186 will be crucial to validate either Case 1 or Case 2.
---
💡 My View:
> Wait for confirmation at the 1.186 zone.
If price rejects strongly from there, Case 1 is in play. 👈❤️
If price chops sideways and holds higher for weeks, expect Case 2 structure.
---
🚨 Reminder for Traders:
Don’t chase moves — let the market show its hand
Use proper risk management
Combine this structure with session timing, liquidity sweeps, and fundamental events
---
💬 Drop a comment if you're seeing similar setups in other majors!
🧠 Follow for real-time updates & actionable setups.
#EURUSD #ForexAnalysis #WaveTheory #SmartMoney #OrderBlock #LiquidityHunt #ForexStrategy #ElliottWave #PriceAction #FXTrader #TradingView
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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.
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.