📉 EUR/USD Pair Analysis – Monday, July 7, 2025
1️⃣ A clear ascending price channel on the daily chart defines the overall trend of the pair.
2️⃣ The price is currently touching the upper boundary of the channel, indicating a potential downward correction from the designated areas (in gray).
3️⃣ Strong demand areas have emerged at lower levels, which may support a subsequent upside move.
📌 Summary and Recommendation:
🔻 In the short term:
An opportunity to quickly sell the pair using scalping from the current areas, targeting nearby points.
🔺 In the medium to long term:
We prefer to wait for a decline to the lower boundary of the price channel, as we plan to buy from there, in line with the general uptrend.
1️⃣ A clear ascending price channel on the daily chart defines the overall trend of the pair.
2️⃣ The price is currently touching the upper boundary of the channel, indicating a potential downward correction from the designated areas (in gray).
3️⃣ Strong demand areas have emerged at lower levels, which may support a subsequent upside move.
📌 Summary and Recommendation:
🔻 In the short term:
An opportunity to quickly sell the pair using scalping from the current areas, targeting nearby points.
🔺 In the medium to long term:
We prefer to wait for a decline to the lower boundary of the price channel, as we plan to buy from there, in line with the general uptrend.
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.
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.