EURUSD & EURX: ON A SLIPPERY SLOPEEUR/USDOANDA:EURUSDTotSamiyKaaResource scarcity and delayed trade deals are forcing the EU to rethink the rules of the game. The fundamental background confirms the technical picture: the technical bounce from 1.142 looks unstable, so the next move`s target can be deep. # - - - - - Main Observations: 1. Correlation and Divergence: Historically, EURX (EUR Index vs. major FX pairs) has a strong correlation with EURUSD. When divergences occur, they often signal market inefficiency and serve as reliable entry points on lower timeframes. Typically, the EURUSD ATR is approximately 1.85x that of the EURX. 2. Directional Bias: EURUSD generally follows EURX, as the index more accurately represents the intrinsic strength of the Euro. In contrast, EURUSD remains heavily dependent on DXY fluctuations. 3. Extremums Analysis: EURX recently printed a lower low on the 1D timeframe (referencing July 31, 2025, and March 16, 2026). However, EURUSD failed to break below its 4. Support Levels: Both EURX and EURUSD have found temporary support at $1.069 and $1.142 respectively after a 1.5-month decline. A retest of these levels is still required to confirm a valid price bounce. 5. DXY Influence: While DXY is correcting after hitting the psychological $100 mark, EURX and EURUSD continue to move upward, collecting stop-losses. Once DXY reaches its targets in the zone, EURUSD and EURX are expected to resume their bearish trends. # - - - - - Fundamentals: Macro: The overhigh on EUR is less likely, despite EU strongly requires import. The problem is that less countries are ready to support EU now as they did before (remember, Europe mostly struggles on resources) and the trade deal with India will take more time). Therefore EU has to restructure its approach, serving partners with better trade conditions. # - - - - - Conclusion: Price Targets: That being said, EURUSD is likely to break the $1.142 support level and move toward $1.0975. Similarly, the target for EURX stands at $1048. # - - - - - EURUSD (SHORT): ✅ Entry Point 1: Market ✅ Entry Point 2: $1.16988 🛑 Stop-Loss: $1.18500 🤑 Target: $1.09750 # - - - - - EURX (SHORT): ✅ Entry Point 1: Market ✅ Entry Point 2: $1083.0 🛑 Stop-Loss: $1094.5 🤑 Target: $1048.0 # - - - - - Good Luck! ☺️ # - - - - - DISCLAIMER: Not financial advice. Everyone must make trading decisions at their own risk, guided only by their own criteria and strategy for opening or not opening a trade. # - - - - - P.S. What is your setup EURUSD in nearest term?