FX.co ★ Mr_Ambani | EUR/USD

Technical Analysis 01 Jully 2025 EUR/USD D-1

The wave structure here on this senior daily chart is still building its order upwards; the MACD indicator is in the upper purchase zone. The price has not yet been able to develop a normal decline despite the presence of a bearish divergence on the MACD indicator used. An attempt was made, but the horizontal resistance level of 1.1451, which was on the way to the decline, turned out to be very strong. The price has not been able to break below it for at least a few days and tried to do so. It would be logical to go below it and cut off buyers' stops there, but here everything worked out like a book; they went up from the support level and slightly updated the top. The US dollar has weakened overall in the market against other world currencies. Nevertheless, the bearish divergence on the MACD indicator has not gone away and is likely to work out. Here, a bearish divergence has also been added on the CCI indicator. There will probably be some more growth, but I don't see any point in working up here; after all, the price is at the peak of this year, and a deep rollback is asking to be made, although of course anything can happen. Especially when there are all sorts of events in the world, including military ones. I think we should expect formations for sale to form in younger periods. The first target is the level of 1.1594. The second target will be the same ironclad level of 1.1451; there will also be an ascending line that can be built here along the bottoms of the last two waves. If the decline continues, the third target is the area of the level of 1.1272. This is a mirror level on this older period at the edge of the last decline in May. Here you can also impose a Fibonacci correction grid on the entire growth and choose the level of 23.6 along this Fibonacci correction grid as a target. Now all the conditions are in place to start declining; other pairs also hint at the strengthening of the US dollar in the near future. So far, by inertia, they have grown a little more.