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 Weekly: Close to Reversal Zone? Bears Stay!

3 Oct 2026 · 1 min

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Vladimir Ribakov analyzes EUR/USD on the weekly chart, noting the pair is in a bearish channel approaching oversold conditions and a major volume-profile reversal zone. Price is near a previously broken resistance line, but bears still have room to push lower before any reversal takes hold.

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Keep in mind a couple of very important things. We are moving in a bearish channel here, okay? So theoretically there is a bit more room to the downside, but we are already between the Bollinger Band duplication and oversold conditions, and we are getting very close. If we go to the higher time frame, take a look on the weekly chart, we are very close to retest the broken resistance line, and we are— if we draw this channel This is the bottom, and this is a huge volume profile zone. So we are very close around the key zone, which very likely then would be reversal zone. But the pressure is still there, so pullbacks from my point of view still to be sought.