EUR/USD Week’s Overview: Traders Anxious To See a Breakout or Complete Reversal Back To 1.2 Highs This Year
EUR/USD Weekly Outlook & Friday Forecast EUR/USD Weekly Outlook & Friday Forecast (Institutional Perspective) The EUR/USD pair enters the final trading session of the week under significant technical pressure after a sustained decline from its yearly highs near 1.2000 down to the 1.1400 region. This move is not just a short-term fluctuation—it represents a broader macro shift in market sentiment, positioning, and capital flow between the Euro and the US Dollar. Key Insight: The drop from 1.20 to 1.14 is a 600+ pip institutional move, signaling strong bearish control—but also placing price into a historically significant demand zone. 1. Macro Market Structure (The Big Picture) From a structural standpoint, EUR/USD has transitioned from a bullish expansion phase into a corrective or potentially bearish phase. The rejection near 1.2000 marked a significant turning point, where institutional sellers entered aggressively, driving price lower over multiple weeks. This decline has been characterized by: Consistent lower highs Strong impulsive bearish legs Weak corrective pullbacks…
SkyPress Desk | SkyPress News
Apr 3