Fundamental Analysis
EURUSD remains under pressure as price trades below the main EMA structure. For next week, traders should continue watching USD momentum, Fed expectations, and upcoming U.S. data, as these factors may drive volatility around key Fibonacci zones.
For now, the technical structure still favours sellers while recovery attempts remain capped below EMA resistance.
Technical Analysis
On the 4H chart, EURUSD is still moving inside a descending structure. EMA 34, EMA 89, and EMA 200 remain above price, confirming that the broader trend is still bearish.
Price is currently around 1.1465 after a strong bearish move below the previous support area. The recovery has not confirmed a bullish reversal yet, and the chart shows clear sell zones above price.
The first key sell area is around 1.1490 - 1.1505, near the 0.618 Fibonacci reaction zone. This area may act as the first resistance if price creates a short-term pullback.
The stronger Fibonacci value sell zone is around 1.1518 - 1.1531. This zone aligns with the golden ratio area, previous support turned resistance, and the EMA pressure.
The higher sell swing zone is around 1.1565 - 1.1582. This is the stronger resistance zone on the chart and may offer another sell opportunity if price retraces deeper.
The main downside target for next week is around 1.1372, which aligns with the lower channel area and bearish projection on the chart.
Important Key Levels
Current price area: 1.1465
Sell zone 1: 1.1490 - 1.1505
Fibonacci golden ratio sell zone: 1.1518 - 1.1531
Sell swing resistance: 1.1565 - 1.1582
EMA resistance area: 1.1525 - 1.1582
Short-term downside target: 1.1481
Main weekly bearish target: 1.1372
Invalidation area: above 1.1582
Trading Scenario
Main Sell Scenario 1 — Fibonacci 0.618 Retest
Entry: 1.1490 - 1.1505
Stop Loss: 1.1535
Take Profit 1: 1.1465
Take Profit 2: 1.1418
Take Profit 3: 1.1372
Sell Condition
The first sell setup is to wait for EURUSD to pull back into 1.1490 - 1.1505. This zone aligns with the 0.618 Fibonacci reaction area and short-term broken structure.
A sell setup becomes more valid if price forms bearish rejection from this zone, such as a long upper wick, bearish engulfing candle, failed breakout, or lower high below the EMA structure.
Main Sell Scenario 2 — Golden Ratio Value Zone
Entry: 1.1518 - 1.1531
Stop Loss: 1.1582
Take Profit 1: 1.1481
Take Profit 2: 1.1418
Take Profit 3: 1.1372
Sell Condition
The second sell setup is stronger if EURUSD retraces deeper into 1.1518 - 1.1531. This is the main Fibonacci golden ratio zone and also aligns with the previous support/resistance area.
If price rejects from this zone and fails to reclaim the EMA range, sellers may regain control and continue the bearish move toward 1.1481, then 1.1372.
Entry Conditions
Wait for price to retest one of the Fibonacci sell zones.
Look for bearish rejection before entering sell.
A break below 1.1465 strengthens the bearish continuation view.
If price breaks and holds above 1.1582, the sell setup is invalid.
Overall, the main view for next week remains bearish while EURUSD stays below EMA 34, EMA 89, EMA 200, and the descending trendline. The preferred plan is to wait for a pullback into the Fibonacci value zones, then look for sell confirmation toward 1.1481 and the weekly target around 1.1372.
Do you share the same bearish view on EURUSD for next week, or are you waiting for a cleaner retest of the Fibonacci value zone?
📊 XAU Macro Pulse · XAUUSD · GBPUSD · EURUSD
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+TxpetmVvKGhjZDhl
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+TxpetmVvKGhjZDhl
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.
📊 XAU Macro Pulse · XAUUSD · GBPUSD · EURUSD
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+TxpetmVvKGhjZDhl
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+TxpetmVvKGhjZDhl
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.