If there is one currency pair currently favored by macro conditions, EURUSD is clearly at the top. The U.S. dollar keeps weakening as recent economic data remains poor, with ADP showing a drop of 32,000 jobs, and expectations for a Fed rate cut next week rising sharply. Meanwhile, political uncertainty surrounding Trump’s plan to appoint a new Fed Chair further pressures the USD. In contrast, the euro is trading near a 7-week high and is on track for its strongest yearly gain since 2017.
On the 2H chart, EURUSD is moving cleanly inside an ascending channel: price is riding the lower boundary and gliding above the Ichimoku cloud — a sign of a strong bullish structure where dips are simply pauses. The area around 1.1640 acts as a key support level, aligning with the channel bottom, the Ichimoku cloud, and a small demand zone previously respected by the market.
The main scenario: price may dip slightly toward 1.1640 to accumulate liquidity, then rebound following the prevailing trend toward the 1.1700–1.1703 target zone, and potentially higher toward the channel top. As long as EURUSD stays above 1.1640 and does not close decisively below the Ichimoku cloud, the dominant direction remains bullish, favoring buy-the-dip strategies rather than counter-trend selling.
On the 2H chart, EURUSD is moving cleanly inside an ascending channel: price is riding the lower boundary and gliding above the Ichimoku cloud — a sign of a strong bullish structure where dips are simply pauses. The area around 1.1640 acts as a key support level, aligning with the channel bottom, the Ichimoku cloud, and a small demand zone previously respected by the market.
The main scenario: price may dip slightly toward 1.1640 to accumulate liquidity, then rebound following the prevailing trend toward the 1.1700–1.1703 target zone, and potentially higher toward the channel top. As long as EURUSD stays above 1.1640 and does not close decisively below the Ichimoku cloud, the dominant direction remains bullish, favoring buy-the-dip strategies rather than counter-trend selling.
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LEVEL UP YOUR TRADING
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Signals & setups to boost your edge
Free trading plans to follow
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Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.