FX.co ★ EUR/USD
Trader Journals:::
EUR/USD
I see the recent decline of the dollar as a continuation of political uncertainty that I believe is being driven by renewed tension from the US president, and I interpret the rumors about tariffs and territorial ambitions as a serious psychological weight on the currency market. I notice how the early Monday spike in EUR/USD followed by a shallow pullback tells me that buyers are still firmly in control, and I interpret the hesitation around 1.1660 as a sign that sellers lack strength. I recognize the flat around 1.1680 on the four-hour chart as a classic accumulation zone, and I view the subsequent breakout above 1.17 as confirmation that the market accepted higher prices. I observe the daily structure shifting from bearish to bullish, and I interpret the broken southern trend as evidence that sellers have lost their strategic edge. I believe that if the market holds above 1.1820–1.1830 at the open, I can logically expect a continuation toward 1.1920 before meaningful resistance forms. I consider the sentiment ratio of 20 percent buyers to 80 percent sellers as an important contrarian signal, and I assume that large players may still try to squeeze the remaining shorts higher. I understand that such extreme positioning often precedes sharp reversals, and I remain cautious because I know that tipping points rarely announce themselves in advance. I analyze the weekly candlestick as a strong bullish impulse, and I expect inertia to carry the price toward the psychological 1.2000 area. I remember predicting a move to the 20th figure earlier, and I now feel that this target is no longer ambitious but realistic within the next trading month. I interpret the current zone between 1.1807 and 1.1868 as a sensitive distribution area, and I plan to watch carefully for reversal patterns near the channel top. I accept that a test of the moving average near 1.1671 could become a healthy correction, and I prepare myself for either a rebound or a deeper slide toward 1.1507 depending on how price reacts.