Forex
2.00
Posted May 04, 2026
EURUSD SHORT
Sell
SELL
Entry Price
1.1735
Signal Details
Direction
Sell
Entry Price
1.1735
Risk: Reward
1:1
Trade Levels
Technical Chart
Market Analysis
The EURUSD daily chart remains biased upward, and the immediate outlook is neutral to bullish this week, but be prepared for a minor retreat or consolidation around 1.1680-1.1700 before the next wave upward.
Key Indicators
Possible modest pullback to attract late buyers and correct imbalances.
Supported by a downward-sloping moving average.
Fundamental Context
EURUSD is consolidating near 1.1730 following a pullback from its recent peak. The currency pair is trading in a narrow range in the early European session, as traders and investors await fresh manufacturing data.
Risk Alert
The trend and the bearish correction scenario will change once the currency pair breaks above the 1.1780/1.1800 zone again, and a clear break above 1.1800 will open the door to 1.1850/80.
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