NVIDIA was moving sideways and downward for a while, indicating no clear trend. Now, the price has bounced strongly from around 164, suggest

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NVIDIA was moving sideways and downward for a while, indicating no clear trend. Now, the price has bounced strongly from around 164, suggest
📉 EUR/USD: Breakout or Breakdown This Week?
💥 After three straight weeks of gains, EUR/USD is stalling below the 1.0900 mark, as USD strength returns and rate cut hopes fade. Is this the end of the rally—or just a pause?
🔎 Weekly Outlook (July 20–26, 2025)
📊 Last week, EUR/USD edged higher but struggled to break above the critical 1.0900 resistance, signaling weakening bullish momentum.
🔺 The USD gained traction on stronger U.S. retail sales and industrial output—cooling expectations of a Fed rate cut.
🇪🇺 Meanwhile, the ECB is expected to ease policy in Q4, which continues to weigh on the euro.
Technical Levels to Watch:
- Major Resistance: 1.0900 – 1.0935
- Immediate Support: 1.0800 – 1.0775
- A break below 1.0800 could trigger further downside toward 1.0700.
🎯 The takeaway:
- Swing Traders: Consider short positions around 1.0900 with a stop above 1.0950 and target at 1.0800.
- Day Traders: Watch for breakout opportunities during the Eurozone PMI (July 23) and U.S. GDP release (July 25).
- Avoid chasing highs unless price confirms a strong breakout.
📬 What’s your take?
Is the EUR/USD rally over—or just taking a breather?
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11-24 another swing trade success! Remember, you cant go broke taking a profit! Now the work of finding the next opportunity begins! We may see a selloff soon. be careful guys!
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