A Bearish Week for the Euro Dollar(Eur/Usd) 3rd/Aug/2025

This week we are expecting the Eur/Usd price to continue going lower. This is following last week’s rally downwards after the federal funds rate news were released on Wednesday. We could see price first go up towards level 1.16170 on the Eur/Usd chart. The price could go even further upwards towards level 1.17880 on the Eur/Usd chart. If it goes past this level then we will no longer be bearish and we will stay out of the charts until next week. The levels that we will be looking to take our profits if the price starts going lower is 1.14893 on the Eur/Usd chart, which is 50% of last week’s candle wick on the weekly chart. The final level that we will be looking to close our profits if the price continues going lower is price level 1.13918 on the Eur/Usd chart. We will start looking at the charts from Tuesday because we have PMI news which might help push price to our expected levels because of their major impact on the FOREX markets. Hopefully this analysis helps shed some insight on your trading and we at Elite Inner Traders wish you a profitable trading year. Cheers!

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