Home -
Brokers -
Main body -

WikiFX Express

Exness
TMGM
XM
EC markets
FXTM
FOREX.com
AVATRADE
IC Markets Global
FXCM
D prime

EUR/USD PRICE ANALYSIS: BEARS EYE A 61.8% FIBO CONFLUENCE TARGET AREA

octa | 2023-07-25 14:59

Abstract:The Euro is currently facing strain due to constant economic indicators reflecting the enduring strength of the U.S. economy. This is in stark comparison to the economies teetering on the brink of recession, including the Eurozone. The preliminary balance for this week is being determined in anticipation of the Federal Reserve meeting on Wednesday, with subsequent analysis tending towards a bearish bias.

3ertdsa.jpg

• EUR/USD bears are in the market and eye last month's highs.

• A break of support will leave a 61.8% ratio vulnerable on the daily chart.

The Euro is currently facing strain due to constant economic indicators reflecting the enduring strength of the U.S. economy. This is in stark comparison to the economies teetering on the brink of recession, including the Eurozone. The preliminary balance for this week is being determined in anticipation of the Federal Reserve meeting on Wednesday, with subsequent analysis tending towards a bearish bias.

EUR/USD DAILY CHARTS

image.png

image.png

EUR/USD is climbing the trendline support and is now headed back towards it where last month's highs are located in a strong bearish correction. At least a 50% mean reversion is on the cards guarding the 61.8% ratio and conflieuece area.

EUR/USD H4 chart

image.png

EUR/USD is offered while below Friday's closing price. The price is being supported in a higher volume area but if this were to give, then the prior month's highs will be eyed near a 61.8% Fibonacci level near 1.1000.

img_v2_b16b2b19-0b04-4bd6-9ba8-fbf10f93dacg.jpg
Forex Analysis

Related broker

Regulated
octa
Company name:Octa Markets Cyprus Ltd
Score
6.49
Website:https://www.octafx.eu/
5-10 years | Regulated in Cyprus | Market Making License (MM) | MT4 Full License
Score
6.49

Read more

BDSWISS Legitimacy Check: Is This a Fake Broker or a Legitimate Trading Partner?

You're asking 'Is BDSWISS Legit?' or maybe even 'Is BDSWISS a scam?' and you need clear, factual answers. The worry behind that question makes sense. When your capital is at risk, trust isn't just a nice extra feature; it's absolutely essential. This article promises a direct, fact-based investigation into whether BDSWISS is legitimate. We will cut through the marketing hype and analyze the broker based on three key areas: its regulatory status, independent expert ratings, and most importantly, a large number of real, recent user complaints. Our analysis is based on solid data to give you the clarity you need. We understand how serious your concern is, and our goal is to present the facts without exaggeration, allowing you to make an informed decision to protect your investments.

Original 2026-04-08 15:54

EUR/USD and EUR/JPY Outlook: Euro Strength Puts Breakouts in Focus

EUR/USD and EUR/JPY have both broken higher as the euro gains support from improved market sentiment and easing energy pressure. Key resistance and support levels are now coming into focus.

Original 2026-04-08 11:16

tegasFX Review: Do Traders Face Illegitimate Profit Deletions & Slippage Issues?

tegasFX, a Comoros-based forex broker, has been reported by many traders as a fraudulent operation. Traders allege that the brokerage house deliberately deletes their profits while blaming them for abusive trading. In addition, some users have accused the broker of excessive slippage draining their capital. If you have been affected by these trading circumstances, you must read this tegasFX review, where we have highlighted allegations made by traders. These comments might resonate with you. Let’s read on!

Original 2026-04-07 21:44

OANDA Analysis Report

OANDA presents a mixed picture for forex traders, earning a modest 5.8 out of 10 overall rating based on 218 reviews and a "Use with Caution" recommendation. While the broker demonstrates notable strengths in responsive customer support, maintains a generally good reputation for safety, and offers a user-friendly interface that appeals to both beginners and experienced traders, significant concerns emerge from the substantial 33.9% negative review rate. Read more.

Original 2026-04-07 19:38

WikiFX Express

Exness
TMGM
XM
EC markets
FXTM
FOREX.com
AVATRADE
IC Markets Global
FXCM
D prime

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
Exness

Exness

Regulated
EC markets

EC markets

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
Exness

Exness

Regulated
EC markets

EC markets

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
Exness

Exness

Regulated
EC markets

EC markets

Regulated
FXTM

FXTM

Regulated
ATFX

ATFX

Regulated
XM

XM

Regulated
FXCM

FXCM

Regulated
Exness

Exness

Regulated
EC markets

EC markets

Regulated

Latest News

ZERO MARKETS Review: Scam Warning & $116K Withdrawal Blocked

WikiFX
2026-04-06 15:29

XS Broker Review 2026: Withdrawal Scams & Regulation Issues

WikiFX
2026-04-06 13:40

24markets Exposed: Cloned License, $45,500 User Losses, and Withdrawal Scams Signal Stark Warning

WikiFX
2026-04-06 12:22

FOREX.com Analysis Report

WikiFX
2026-04-06 18:56

AXIORY Regulatory Status: A Complete Guide to Its Licenses and Company Details

WikiFX
2026-04-06 14:07

Is AXIORY Safe or Scam? A 2026 Deep Dive

WikiFX
2026-04-06 15:45

Tradeview Markets Review: Regulation, WikiFX Score & Forex Trading Insights

WikiFX
2026-04-06 17:24

Binany Review: Examining Reported Withdrawal Denials & Deposit Failure Complaints

WikiFX
2026-04-06 21:03

Mr Pips Forex Scam Exposed as Losses Hit RM240 Million

WikiFX
2026-04-07 11:07

CySEC Sets 8 May Deadline for CFD Brokers to File Last Year’s Data

WikiFX
2026-04-07 15:00

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Mega Equity

Mega Equity

Fake GMI

Fake GMI

Trading Score

Trading Score

RaiseForex

RaiseForex

Lenox Trade

Lenox Trade

primecoinglobals

primecoinglobals

Zirve Global

Zirve Global

East Asia Futures

East Asia Futures

SCSL

SCSL

DILLON W.SRL

DILLON W.SRL