The EURUSD pair has been trading within an 11-year Channel Down and has found itself on a 2-month pull-back currently ever since the September 17 2025 market High.
Technically that was a Lower High for this long-term pattern and was formed while the 1W RSI has been on Lower Highs, against the price's Higher Highs, which is a huge Bearish Divergence.
This is the same kind of divergence that was present during the Channel's last two Lower Highs in January 2021 and February 2018. Both tops initiated Bearish Legs that got confirmed when the price broke below its 1W MA50 (blue trend-line).
On both occasions, the price hit at least the 0.618 Fibonacci retracement level of the Channel Down, declining by at least -15.25%.
As a result, if the 1W MA50 breaks again, being the market's last Support, we expect EURUSD to target at least 1.0300.
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Technically that was a Lower High for this long-term pattern and was formed while the 1W RSI has been on Lower Highs, against the price's Higher Highs, which is a huge Bearish Divergence.
This is the same kind of divergence that was present during the Channel's last two Lower Highs in January 2021 and February 2018. Both tops initiated Bearish Legs that got confirmed when the price broke below its 1W MA50 (blue trend-line).
On both occasions, the price hit at least the 0.618 Fibonacci retracement level of the Channel Down, declining by at least -15.25%.
As a result, if the 1W MA50 breaks again, being the market's last Support, we expect EURUSD to target at least 1.0300.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.