EUR/USD
Current Quote: 1.1595
BEARISH
1. Fundamental & Macro Flow
The Euro remains under heavy selling pressure as of June 12, 2026. A blowout US Non-Farm Payrolls (NFP) report on June 5 showing 172,000 jobs created has reignited expectations for a hawkish Fed policy path. Combined with geopolitical uncertainty in the Middle East supporting safe-haven USD flows, the US Dollar Index (DXY) has surged. Meanwhile, growth concerns in the Eurozone continue to leave the fundamental advantage firmly in favor of the greenback, despite expected ECB rate hike of 25 bps to 2.25% on June 11.
2. Technical Architecture (Daily/Weekly Chart)
Main Trend
A clean bearish breakdown below the key daily support floor at 1.1520, confirming the acceleration of the D1/W1 downtrend. Price is trading below its major 50 EMA and 200 SMA.
Critical Liquidity Zones
Nearest Macro Support: 1.1350 (Weekly horizontal support and institutional buyer liquidity pocket).
Nearest Macro Resistance: 1.1610 (Former daily support floor now acting as major overhead resistance).
Price Action Behavior
The pair displays a minor intraday pullback. Daily RSI stands near 36, validating the strong seller momentum while allowing room for a short-term correction before the downtrend resumes.
3. Strategic Verdict & Trade Setup
SELL (SHORT) ON PULLBACK
Risk/Reward Ratio
1:2.5
Entry Trigger
Limit sell order on a technical pullback to 1.1590-1.1610 (retesting the broken support zone).
Stop Loss (Invalidation)
1.1690 (Technically placed above the daily resistance floor and short-term EMAs).
Take Profit (Target)
1.1360 (Major target on the weekly support floor and institutional buyer liquidity pocket).
Final Justification
Trade in the direction of the major support breakdown, aligned with the post-NFP dollar strength and macroeconomic momentum.