Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

EURUSD analysis part 1 - 7 July 2025 #eurusd #trading #forex

7 Jul 2025 · 1 min

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Vladimir Ribakov analyzes EUR/USD on July 7, 2025, identifying the last high of the uptrend as a supply zone where a short-term peak is likely. The 61.8% Fibonacci extension marks a critical level, and price is trading the upper Bollinger Band for the second time without strong momentum, signaling potential uptrend weakness.

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Support acts as resistance. Last high of the uptrend acts as supply. This is the key area, and I believe that the coming weeks might be not as straight to the downside, but I believe around this area we should see the euro-dollar peaking before a major correction takes place. If we take a look on the Bollinger Band indicator, Let's use our. This is our custom-made indicator. We can see that from this breakout, we are around the key duplication level. This is happening on the weekly chart. On a daily chart, we can plot Fibonacci extension on this trend and take a look what you will see here. We have Fibonacci extension of 61.8 around. The levels where we are right now. This is the second time the EUR/USD is riding on the upper Bollinger Band without a significant