This article has been translated from English to Gen Z Slang.
Yo fam, EUR/USD is struggling to flex past a major resistance zone! 🙃
Is it gonna hit new Q3 2025 lows or what? 🤔
Here’s the sitch on the daily timeframe:
EUR/USD: Daily
EUR/USD Daily Forex Chart by TradingView
With some U.S.-EU trade drama chillin' and peace talks in the air between Russia and Ukraine, EUR/USD has been vibin’ up since the beginning of the month. ✌️
Meanwhile, the dollar is kinda sus, not making mad gains ‘cause Treasury yields are dipping, and folks are doubting if the Fed’s really the BOSS it says it is. Plus, people ain’t digging the idea of crazy intense rate cuts anymore. 🌿
Everyone’s eyes on Powell this Friday. 👀 If he hints at easing up, brace for the dollar to zoom up again, fam! 🚀
EUR/USD has been on a downtrend since June, getting straight rejected at the 1.1800 level.Remember, what moves the market is the fundies. If you’re slacking on your U.S. dollar and euro homework, check that economic calendar and keep up with the daily fundie news! 📰
Now it’s chilling around 1.1650, close to the R1 Pivot Point at 1.1695 and the peak of the descending channel that's been in the game since the downtrend began.
If we see some spicy bearish candlesticks, it could dip to the 1.1550 mid-channel zone and maybe hit the 1.1400 channel floor. 📉
But if it breaks above 1.1750 with some serious vibes, it might test 1.1800 again and even hit fresh 2025 highs near 1.2000. 🚀
No cap, whatever you’re trading, make sure you’re playing it safe with risk management and keep an eye on the top-tier vibes that might mess with the market. 🔄
Disclaimer:
Just a heads up, this tech analysis is just to tea spill and teach, not for telling you where to trade. 🙅♂️ Consider this a chill guide, not law. All your decisions and their vibes are all on you, fam. So trade safe! 💯
