CAPITALCOM:EURUSD EUR/USD Chart Analysis by alorabyakram2030 — TradingView

Professional Technical Analysis – EUR/USD

big trend

Wyckoff said the current trend is clearly bearish, and the market is in a strong price reduction phase after breaking several price structures in a row.

We noticed:

The BOS series is clearly bearish.

The price is below all moving averages.

The overall trend is negative and the selling momentum continues.

Apparently “Higher High” cannot be configured.

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1) Classic analysis

trend

direction:

Short and medium term = bearish.

There is no real reversal yet.

support and resistance levels

Resistor:

1.1700 → structural resistance + balance

1.1720→PDH+display area

1.1780 → Strong buy-side liquidity

support:

1.1620 → weak current support

1.1600 → Important psychological support

1.1580 → next sell target

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2) Smart Currency Concept (SMC) Analysis

price structure

have:

BOS repeatedly bearish

Negative CHOCH confirms trend reversal

The market is currently at:

Bearish order flow

Liquidity

Buyer Liquidity

more than:

1.1700

1.1780

sell-side liquidity

Below:

1.1620

Then 1.1600

The market is currently pulling down selling liquidity.

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order block

Bearish OB is strong:

area:

1.1695 — 1.1720

Any rise into this area is usually considered a re-offer for sale.

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Fair value gap (FVG)

There is a clear bearish FVG between:

1.1690 — 1.1705

Prices often retest before completing their decline.

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3) Wyckoff analysis

Current status:

price reduction stage

The market is in a clear stage of institutional drainage and decline.

evidence:

downward acceleration

The rebound is weak

Increased power when landing

Lack of strong demand

The real spring has not yet arrived.

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4) Technical indicators

relative strength index

Approximate current value:

35

This means:

Continued downward momentum

Not completely oversold yet

The RSI trendline is also bearish → negative confirmation.

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moving average

average value:

negative crossover

The price is completely lower than it

This confirms:

The downward trend continues.

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volume

Volume rises on the way down:

An indicator of institutional selling activity.

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5) Multiple time frames

big frame

down.

middle frame

BOS is clearly bearish.

small frame

A brief pullback may occur before continuing the decline.

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6) Professional trading plan

Basic scene (strongest)

Selling entry:

area:

1.1685 — 1.1705

Stop loss:

1.1735

Target:

TP1:

1.1620

TP2:

1.1580

Extended TP3:

1.1540

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7) Alternatives

If prices close higher:

1.1735

will happen:

Bearish scenario temporarily canceled

And the probability of ascending grammar:

1.1780

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8) Final evaluation

Trading intensity:

8/10

Expected success rate:

About 72% — 78%

Transaction type:

Great for short swings

Also suitable for day trading after a pullback

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Professional conclusion

Current market:

Completely under the control of the seller.

Any current advance is considered a pullback rather than a reversal.

Current trading advantage = selling from the fair/FVG discount zone rather than chasing prices below the bottom.

Currently the strongest surveillance areas:

1.1690 — 1.1705

The most important critical levels:

1.1735