EURUSD started last week with a heavy bearish tone, dropping 200 pips on Monday alone — which is quite a move for such a typically stable pair.
After a brief consolidation around the neckline support of the recent double top, sellers came back in, pushing the pair down to 1.1400 by Friday — a level I highlighted in my previous analysis.
But then came NFP...
The weak jobs data triggered a sharp bullish reversal, and the euro took off like a rocket.
By the weekly close, the pair had rallied all the way back to the neckline zone, now acting as potential resistance.
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🔍 Technical Outlook:
This area around 1.1550–1.1590 could now serve as a retest of the broken structure.
• 🔽 A rejection here, followed by a break back below 1.1500, would confirm the bearish scenario and open the door for a move toward 1.1200, the next major support.
• 📌 On the flip side, a sustained move above the neckline would invalidate the double top — and put bulls back in control.
________________________________________
Conclusion:
Watching for sell signals around the neckline makes technical sense — but confirmation is key.
The reaction early this week will likely set the tone for the next major swing.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
After a brief consolidation around the neckline support of the recent double top, sellers came back in, pushing the pair down to 1.1400 by Friday — a level I highlighted in my previous analysis.
But then came NFP...
The weak jobs data triggered a sharp bullish reversal, and the euro took off like a rocket.
By the weekly close, the pair had rallied all the way back to the neckline zone, now acting as potential resistance.
________________________________________
🔍 Technical Outlook:
This area around 1.1550–1.1590 could now serve as a retest of the broken structure.
• 🔽 A rejection here, followed by a break back below 1.1500, would confirm the bearish scenario and open the door for a move toward 1.1200, the next major support.
• 📌 On the flip side, a sustained move above the neckline would invalidate the double top — and put bulls back in control.
________________________________________
Conclusion:
Watching for sell signals around the neckline makes technical sense — but confirmation is key.
The reaction early this week will likely set the tone for the next major swing.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
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🎯 Want More Trading Ideas?
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📈 Join the FREE Forex & Gold Channel
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💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。