FX.co ★ EUR/USD

I recognize that situations do arise when the market forms what looks like a short-term trend at extreme highs, and I take this into account when evaluating current price behavior. I admit that selling the EURUSD currency pair at relatively low levels is not an optimal strategy for me, especially when the risk-to-reward profile becomes unattractive. I emphasize that patience is required, and I prefer to wait for a pullback into a more favorable price range before committing to short positions. I confirm that we are aligned in our broader market understanding, and I base my approach on waiting for price to come to predefined technical zones rather than chasing momentum. I identify the most attractive selling area for me as the 1.1687–1.1690 range, where I plan to initiate short positions only if I see a clear market reaction that confirms seller interest. I believe this zone represents a balance between value and confirmation, allowing me to control risk while positioning in line with the broader bearish expectation. I also consider the higher range near 1.1708–1.1708 as an additional opportunity, and I am comfortable placing a pending order there if market conditions justify it. I acknowledge that these levels are not guaranteed to be tested in the immediate future, and I remain flexible in my execution plan. I note that according to the latest options data, several resistance levels and near-term targets for the next trading session are positioned significantly higher than the current price. I understand that because of this structure, the favorable selling prices I have defined may not be reached tomorrow at all. I accept that missing a trade is sometimes better than entering at a suboptimal level, and I prioritize discipline over activity. I continue to monitor intraday price action for signs of exhaustion or rejection near resistance zones. I remain aware that market sentiment can shift quickly, and I am prepared to adapt my strategy if new technical or fundamental signals emerge. I ultimately maintain that waiting for price to return to my preferred zones provides the best balance between probability and risk management. I conclude that until such pullbacks occur, I am content to stay on the sidelines and observe, confident that the market will eventually present a clearer and more favorable selling opportunity aligned with my overall trading plan.

I note that Friday’s trading session on the EURUSD currency pair closed with a clearly bearish candlestick, and I interpret this as an important signal that selling pressure remains dominant in the short term. I observe that the current price is trading around the 1.1630 level, and I consider this area to be technically significant because it coincides with the first downside objective on the hourly timeframe. I see that selling targets have already formed on the H1 chart, and I view this structure as confirmation that the market is preparing for a continuation of the downward movement rather than a random fluctuation. I identify the first selling target at the 161.8 Fibonacci extension near 1.1630, and I believe that this level acts as an initial magnet for price as liquidity is tested. I also focus on the second selling target at the 261.8 Fibonacci level around 1.1612, and I consider this level to be a realistic and logical continuation point if bearish momentum accelerates. I further project the third selling target at the 423.6 Fibonacci level near 1.1584, and I regard this zone as a deeper objective where profit-taking and potential short-term stabilization could occur. I emphasize that all of these downside targets appear technically justified and achievable within the current market context. I remain aware that a breakout above the resistance level at 1.1661 would invalidate my primary bearish scenario, and I would immediately reassess my bias if such a breakout were confirmed. I understand that in the event of a sustained move above 1.1661, selling targets would lose relevance, and I would then expect buying targets to emerge instead. I still believe that any bullish movement under that alternative scenario would most likely represent a corrective move rather than the start of a full trend reversal. I anticipate that once such a northward correction is completed, I would again look for signs of weakness and renewed selling pressure. I conclude that, overall, I continue to favor a bearish outlook for EURUSD, provided that price remains below key resistance and respects the Fibonacci-based downside structure I have outlined.