Hello everyone, what do you think about 
EURUSD ?
EUR/USD previously broke the downward price channel, but failed to maintain the momentum, leading to a strong correction phase. Currently, the price is trading around 1.156 and testing key Fibonacci levels, with the 0.5 - 0.618 levels marked as potential reversal zones, as highlighted in the analysis.
With the current market sentiment, the strong recovery of the USD has been the main factor driving the EUR/USD movement in recent days. Positive economic data from the US has strengthened the US dollar, decreasing the appeal of gold and safe-haven assets like the EUR. Furthermore, expectations surrounding Fed policy decisions continue to add pressure on EUR/USD, with investors bracing for the possibility of the Fed maintaining high interest rates for a longer period.
For traders, it's clear that the bearish trend is in favor, as indicated by the EMA reversal. The Fibonacci levels 0.5 (1.164) and 0.618 (1.161) will be crucial zones, where reaction signals could open opportunities for SELL positions. The next target will be at Fib 1 and Fib 1.618.
That's my perspective and share, but what do you think about the current trend of EUR/USD? Leave your comments below this post!
EURUSD ?EUR/USD previously broke the downward price channel, but failed to maintain the momentum, leading to a strong correction phase. Currently, the price is trading around 1.156 and testing key Fibonacci levels, with the 0.5 - 0.618 levels marked as potential reversal zones, as highlighted in the analysis.
With the current market sentiment, the strong recovery of the USD has been the main factor driving the EUR/USD movement in recent days. Positive economic data from the US has strengthened the US dollar, decreasing the appeal of gold and safe-haven assets like the EUR. Furthermore, expectations surrounding Fed policy decisions continue to add pressure on EUR/USD, with investors bracing for the possibility of the Fed maintaining high interest rates for a longer period.
For traders, it's clear that the bearish trend is in favor, as indicated by the EMA reversal. The Fibonacci levels 0.5 (1.164) and 0.618 (1.161) will be crucial zones, where reaction signals could open opportunities for SELL positions. The next target will be at Fib 1 and Fib 1.618.
That's my perspective and share, but what do you think about the current trend of EUR/USD? Leave your comments below this post!
Trade active
✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
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.
✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
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.