Hello traders, what are your thoughts on EURUSD?
Today, EURUSD is facing a clear risk of a downside correction following stronger-than-expected Nonfarm Payroll data. This immediately boosted the US dollar, threatening the pair’s recent bullish momentum.
On the H4 chart, a CHOCH (Change of Character) pattern has just formed, signaling weakening buying pressure. If the price breaks below the 1.1745 support, the following BOS (Break of Structure) sequence could confirm a shift to a bearish market structure. With the Fed likely to maintain higher interest rates for longer and delay rate cut expectations, the USD stands to benefit further.
What do you think — could this be the start of a major reversal?
Today, EURUSD is facing a clear risk of a downside correction following stronger-than-expected Nonfarm Payroll data. This immediately boosted the US dollar, threatening the pair’s recent bullish momentum.
On the H4 chart, a CHOCH (Change of Character) pattern has just formed, signaling weakening buying pressure. If the price breaks below the 1.1745 support, the following BOS (Break of Structure) sequence could confirm a shift to a bearish market structure. With the Fed likely to maintain higher interest rates for longer and delay rate cut expectations, the USD stands to benefit further.
What do you think — could this be the start of a major reversal?
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✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
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✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.