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The EUR/USD started the week with strong downside momentum before bouncing back slightly — but is the bearish move over?
From a technical perspective, I believe there’s still room to the downside. If market conditions remain stable, the pair could retest the previous swing low around 1.14, and potentially extend the decline toward 1.11–1.10.
Resistance Zone: 1.1640–1.1670
Next Resistance: 1.1700–1.1730 (previous daily high)
Support Zone: 1.1400 → 1.1100
The falling resistance line continues to exert pressure, and the volume profile confirms strong supply in this region.
📉 Trading Plan: Sell the rallies remains my preferred strategy as long as the resistance zones hold.
The Pound-Dollar has made a corrective bounce after a sharp drop, but there are no reversal signals yet.
The structure continues to form lower lows both on the price chart and indicators such as MACD and RSI, showing full bearish synchronization on the 4-hour timeframe.
1.3250–1.3300: Broken support turned resistance
1.3400–1.3450: Key daily supply and volume profile zone
With a falling dynamic resistance line in place, the price action supports continued downside pressure.
📉 Trading Plan: Sell the rallies as long as the 1.3450 zone holds.
Gold continues to consolidate within a range, suggesting the market is preparing for its next big move. The key question is: will it break lower or push to complete a correction first?
2040–2060: Immediate resistance
2140–2175: Next key supply zone
2200: Broken support turned resistance
A break below the current range could trigger another bearish leg.
While a temporary rally toward the upper resistance zones might complete an ABCD correction before turning down again.
📉 Trading Plan: As long as resistance holds, sell-the-rallies remains the preferred approach.
The S&P 500 completed a short-term correction to the downside, forming a weekly evening star pattern — a classical reversal signal.
On the daily chart, we can observe bearish divergence: higher highs in price but lower highs in MACD and RSI, indicating momentum loss.
The 4-hour chart confirms this with lower highs and lower lows — a structure consistent with bearish continuation.
6750–6760: First supply zone
6820–6850: Major resistance
As long as these zones hold, the sell-the-rallies approach continues to make the most sense.
Every forecast above is paired with two scenarios. Why? Because great trading is not about being right — it’s about being ready. Let the market confirm the bias. Use your system, manage risk, and execute only when the structure and confirmation align.
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Vladimir Ribakov
Internationally Certified Financial Technician
Home Trader Club
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