EURUSD / Euro vs US Dollar CFD 1H Technical Outlook
Date: Monday, June 29, 2026
Instrument: EURUSD CFD
Timeframe: 1H
Current Price Area: 1.13823
Market Condition: Downtrend / Sell-Side Bias
EURUSD is trading around the 1.13823 area on the 1H timeframe after a short corrective bounce from the recent lower range. The broader market structure remains bearish, with price previously forming a clear sequence of lower highs and lower lows.
The current price action is sitting below the pivot area and still trading under the broader dynamic structure. From a CFD trader’s perspective, this remains a sell-side market unless price can reclaim and hold above the pivot with strong confirmation.
The trading tool is also showing a Downtrend condition with a Sell-side bias, which means counter-trend buying should be treated with caution. At this stage, buying into strength without confirmation would carry poor risk-to-reward because the dominant structure still favors sellers.
⸻
Key Levels
Resistance Levels:
* R1: 1.14252
* R2: 1.14694
* R3: 1.14960
Pivot Point:
* Pivot: 1.13986
Support Levels:
* S1: 1.13544
* S2: 1.13278
* S3: 1.12836
⸻
Trading Tool Perspective
The trading assistant tool currently shows:
* Trend: Downtrend
* Main Plan: Sell-side bias
* Guardrail: Avoid counter BUY
* Nearest Key Level: Pivot at 1.13986
* PVA Status: Normal
This suggests the market is still structurally bearish, but current volume is not showing extreme participation. The main tactical focus is whether EURUSD can reject from the pivot zone or reclaim it.
A rejection below 1.13986 keeps the downside scenario active, with 1.13544 as the first support target. If sellers maintain pressure below S1, the next downside references are 1.13278 and 1.12836.
On the other hand, if EURUSD breaks and holds above the pivot, short-term bearish momentum may weaken, and price could rotate toward 1.14252. However, as long as price remains below the resistance structure, the higher-probability bias stays with sell-side continuation.
The cleaner tactical scenarios are:
1. Bearish continuation scenario:
Price rejects the pivot area and breaks back toward S1 at 1.13544.
2. Pullback-sell scenario:
Price retests the pivot or R1, fails to hold above resistance, and prints bearish confirmation.
3. Invalidation / recovery scenario:
Price closes above the pivot and holds above R1, reducing the strength of the current sell-side bias.
For now, EURUSD remains under bearish pressure. The preferred approach is to avoid counter-trend buying and wait for either a clean rejection from the pivot or a confirmed breakdown toward support.
⸻
Risk Warning
This analysis is for educational purposes only and does not constitute financial advice, investment advice, or a trading signal. Trading forex CFDs and leveraged products involves significant risk and may not be suitable for all traders. Leverage can amplify both gains and losses. Always define your risk before entering a position, use proper position sizing, and trade only according to your own strategy, capital size, and risk tolerance.
Date: Monday, June 29, 2026
Instrument: EURUSD CFD
Timeframe: 1H
Current Price Area: 1.13823
Market Condition: Downtrend / Sell-Side Bias
EURUSD is trading around the 1.13823 area on the 1H timeframe after a short corrective bounce from the recent lower range. The broader market structure remains bearish, with price previously forming a clear sequence of lower highs and lower lows.
The current price action is sitting below the pivot area and still trading under the broader dynamic structure. From a CFD trader’s perspective, this remains a sell-side market unless price can reclaim and hold above the pivot with strong confirmation.
The trading tool is also showing a Downtrend condition with a Sell-side bias, which means counter-trend buying should be treated with caution. At this stage, buying into strength without confirmation would carry poor risk-to-reward because the dominant structure still favors sellers.
⸻
Key Levels
Resistance Levels:
* R1: 1.14252
* R2: 1.14694
* R3: 1.14960
Pivot Point:
* Pivot: 1.13986
Support Levels:
* S1: 1.13544
* S2: 1.13278
* S3: 1.12836
⸻
Trading Tool Perspective
The trading assistant tool currently shows:
* Trend: Downtrend
* Main Plan: Sell-side bias
* Guardrail: Avoid counter BUY
* Nearest Key Level: Pivot at 1.13986
* PVA Status: Normal
This suggests the market is still structurally bearish, but current volume is not showing extreme participation. The main tactical focus is whether EURUSD can reject from the pivot zone or reclaim it.
A rejection below 1.13986 keeps the downside scenario active, with 1.13544 as the first support target. If sellers maintain pressure below S1, the next downside references are 1.13278 and 1.12836.
On the other hand, if EURUSD breaks and holds above the pivot, short-term bearish momentum may weaken, and price could rotate toward 1.14252. However, as long as price remains below the resistance structure, the higher-probability bias stays with sell-side continuation.
The cleaner tactical scenarios are:
1. Bearish continuation scenario:
Price rejects the pivot area and breaks back toward S1 at 1.13544.
2. Pullback-sell scenario:
Price retests the pivot or R1, fails to hold above resistance, and prints bearish confirmation.
3. Invalidation / recovery scenario:
Price closes above the pivot and holds above R1, reducing the strength of the current sell-side bias.
For now, EURUSD remains under bearish pressure. The preferred approach is to avoid counter-trend buying and wait for either a clean rejection from the pivot or a confirmed breakdown toward support.
⸻
Risk Warning
This analysis is for educational purposes only and does not constitute financial advice, investment advice, or a trading signal. Trading forex CFDs and leveraged products involves significant risk and may not be suitable for all traders. Leverage can amplify both gains and losses. Always define your risk before entering a position, use proper position sizing, and trade only according to your own strategy, capital size, and risk tolerance.
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน