EURUSD

EUR/USD – Technical Analysis (H1 Timeframe)
The EUR/USD pair is showing a classic correction from the swing high near 1.0770 to the recent low at 1.0655 . It’s currently hovering around the 50.0% Fibonacci level at 1.0713 —a key spot also backed by high-volume interest .
Key Observations:

1. CHOCH Detected: Market structure has shifted bullishly. The area between 1.0705 – 1.0715 is a potential demand zone .
2. Volume Confluence: High-volume node at this level signals market attention and liquidity buildup.

Price Action Scenarios:

1. Bullish Bias: If price holds above 1.0710 and forms bullish patterns like an engulfing or pin bar, we might see a move toward 1.0745 (61.8%) and possibly retest 1.0770.
2. Bearish Rejection: Failure at 1.0715 could open downside targets at 1.0685 or 1.0655.

Entry Confirmations:

1. Bullish candle confirmation at 1.0710
2. Absorption: Weak bearish candles on low volume
3. Break above intraday resistance highs

So far, the upward bars are larger and formed more quickly than the downward ones. Each correction is short-term lived. When reading the chart, I don't see any signals indicating a trend reversal atm. So far no bearish daily candle. No lower lows. Bears need price to drop below the previous day's low, ideally to fall below 1634, from a daily perspective. first signal will be the creation of a lower low, but the price will still come back to check if it’s possible to break the high.(1-2-3 pattern). So I will buy any dip until it stops working. Once the market shows a change in trend. I will adjust my stance accordingly.

To break the upward trend on the weekly chart, it requires negating the first weekly point, which is last week's opening. 1.1455 is an incredibly large range and, at the moment, it is beyond reach. The bulls have built a significant buffer. From a long-term perspective, every day ends above the opening price of the day, so there is no negation signal. There is no lower low. On H1 chart we have higher lows! Look at H4 TF - the same
Looking at the 4-hour chart, the last 4-hour candle is a bullish pin bar with a large tail. It failed to break the lower low, and now we are heading for a retest of the high. The week closed at 1.1715, which will be my level from which I will start buying with full force.

The EURUSD price action on the daily time frame is bullish. However, on Friday, the price action went sideways after retesting the 78.6-fib retracement area of the bearish swing traceable to May 2021. Technically, the bullish momentum is weakening. However, we may still see further northward movement in the early part of this week before a bearish correction.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

https://www.xe.com/currencycharts/?f...o=USD&view=12H

Checking pa very strong bull at a top but likely fail too !!
Gross support 1668 and limit down for up 1640 both may subject to break if bull failure Monday specially !?

Appears to be positive order flow

H4 opening lvl 1.1730 until price is above buy

Technical Analysis – Fibonacci Pullback in a Bearish Trend
Following an extended downtrend, the price action has entered a key Fibonacci retracement zone. Upon reaching the 86% level, a series of candles with long lower wicks emerged—indicating buying pressure and potential bullish reversal.
The recovery brought price up toward the 61.8% and 50% retracement levels, where it encountered strong resistance coinciding with a descending trendline. This overlap highlights a critical decision zone, where market momentum could shift dramatically.
From here, price action could follow two potential paths: either breaking resistance and continuing upward or rejecting it and falling back toward lower supports.
Trade Scenarios
Long Position (Buy Setup)

1. Entry Zone: Between 61.8% and 50% Fibonacci levels, only after a bullish confirmation candle (e.g., Hammer or Bullish Engulfing)
2. Stop Loss (SL): 15–20 pips below the 86% Fib or most recent swing low
3. Take Profit (TP):
   1. Target 1: 38.2% Fibonacci level
   2. Target 2: 23.6% or even 0% in case of a strong breakout

4. Additional Confirmation: Volume spike on breakout or bullish RSI divergence
5. Risk-Reward Ratio: Minimum 1:2

Short Position (Sell Setup)

1. Entry Zone: Around the 38.2% resistance area, preferably with a bearish reversal candle (e.g., Shooting Star or Bearish Engulfing)
2. Stop Loss (SL): Above the 23.6% Fib level or recent high
3. Take Profit (TP):
   1. Target 1: 50% Fibonacci level
   2. Target 2: 68%–86% zone if selling pressure intensifies

4. Additional Confirmation: Bearish divergence or intraday trendline break
5. Risk-Reward Ratio: At least 1:2 or better

Long since Fri and early Sunday..................I believe the sideways movement has ended and we are looking higher.........

Hourly.................

BP Hourly..............Same...Long.

BP 5' ---

What is BP 5 , MIGHT GET TO 0.177780

EURGBP today It wasn't a Trump's deal.

Very strange and annoying divergence between E. and BP. . . . . . E. has reached target and res. area already...while BP yawns...

Euro is on steroids, flies in one direction and only makes bear traps

They were selling BP for E. What for I have no idea.

Bulls are great and can go test 1.2000 non stop but until then I'm monitoring the daily chart that might give a bearish candle up here below 1.1850 - 1.1910 and create a correction.

Daily

My daily flip point lvl 1.1787 until price is above we are in bullish zone.
H4 opening lvl 1.1786 until price is above we are in bullish zone.

I don't even consider taking a short; I haven't seen a lower bottom all the time. That's probably because we are in a bear trend, and the bulls are weak

Forex is not a market, don't feed the illusions. Market rules do not work there. It's just an advanced money exchange service.Forex is not a market, don't feed the illusions. Market rules do not work there. It's just advanced money exchange service.