Major USD Pairs Discussion | Daily Market Breakdown

EURUSD- Daily trade Analysis
Bias-Bearish
Technical Outlook- Parallel Descending Channel

On the daily, Price is still confined to the Bearish descending channel it formed this month, with multiple attempts to break above it, creating more lower highs below the Upper boundaries of the trendline.
The channel still remains valid, as price has been unable to break above it. Watching out for the impact of the Fed interest rate, whether it will support the current bias, or change it.

EURUSD- Daily trade Analysis
Bias-Bearish
Technical Outlook- Parallel Descending Channel

On the daily, Price is still confined to the Bearish descending channel it formed this month, with multiple attempts to break above it, creating more lower highs below the Upper boundaries of the trendline.
The channel still remains valid, as price has been unable to break above it. Watching out for the impact of the Fed interest rate, whether it will support the current bias, or change it.

EURUSD- On the 4hr, price is bound to a 4hr bearish channel. invalidation of the channel and it will signal price intentions to continue the intra-day buys.

EU is in a good daily level let's just wait for fed news

EURUSD- With the current price reaction at 1.1378 price level, expecting a rally to 1.1400 level which coincides with the trendline resistance. A break above this level, and price will continue higher to 1.1445 as illustrated on the chart.

Yeah. Will just be watching it. but potentials for more buys are becoming more visible.

GBPUSD- Daily Trade Analysis
On the Daily, GU is still bearish. but the sell momentum has started slowing down as we see today and yesterday's daily candle sizes shrink compared to other days. while price are waiting for Fed decision Gu is resting on an internal support level, and possibly of bullish spikes are looming during the news release.

GU- on the 4hrs, price is on the Run phase of the BARR Top pattern. without invalidation of the Bearish channel, the bears will continue to exercise dominance.

GU- on 1hr, a break below the 1.3280 and we'll see a further downside as price has been ranging the entire day, pending Fed news by 7pm.

The recent price action is beginning to favour the bulls, but I'd still prefer to see the market confirm it with a clean break above resistance and sustained higher highs before becoming fully bullish. Until then, staying patient and letting price reveal its intention is the higher-probability approach.

That 1.1400 area is an important technical decision point because it aligns with the trendline resistance. be watching how price reacts there rather than assuming an immediate breakout. A decisive close above 1.1400 with strong bullish displacement and follow-through would increase the probability of continuation toward 1.1445. If buyers fail to break the trendline, it could simply become another lower high within the broader bearish structure.

EU is in a good daily level let's just wait for fed news

EURUSD- Daily trade Analysis
Bias-Bearish
Technical Outlook- Parallel Descending Channel

On the daily, Price is still confined to the Bearish descending channel it formed this month, with multiple attempts to break above it, creating more lower highs below the Upper boundaries of the trendline.
The channel still remains valid, as price has been unable to break above it. Watching out for the impact of the Fed interest rate, whether it will support the current bias, or change it.

EURUSD- With the current price reaction at 1.1378 price level, expecting a rally to 1.1400 level which coincides with the trendline resistance. A break above this level, and price will continue higher to 1.1445 as illustrated on the chart.

GU- on the 4hrs, price is on the Run phase of the BARR Top pattern. without invalidation of the Bearish channel, the bears will continue to exercise dominance.

GU- 1hr- a break above the 1.3301 price level, will invalidate the long 2 weeks bearish trendline, signaling bulls dominance to resume their rally.