EUR/USD (6E) Market Context & Bias (1.1783 now; bearish below 1.1790)

  • Default stance: bearish as long as price is below 1.1790.

  • Entries are discretionary and time-of-day dependent; two practical spots today:

    • 1.1790 (the bearish threshold itself; “touch and turn down”).

    • 1.1786 (minor retrace into nearby liquidity).

tradeCompass Table (plain-English)

Short side (active while below 1.1790)

ScenarioWhen to turn bearishWhere to enterTargets (take profit) for SHORTSNotes
SHORT (sell)Bias is bearish any time price is under 1.1790Prefer a small bounce to 1.1786 or a touch of 1.1790 that turns downTP1: 1.17825 (near Sep 28 POC) → TP2: 1.1774 → TP3: 1.1755 (just above Sep 25 VWAP) → TP4: 1.1746If price can’t stay below 1.1790, rethink the short idea.

Long side (only if a bullish trigger fires)

ScenarioWhen to turn bullishWhere to enterTargets (take profit) for LONGSNotes
LONG (buy) after breakoutTurn bullish only if price moves above 1.18181 and holds (2–5 min or 1–2 candles)Optional: wait for a small pullback that stays above 1.18181TP1: 1.18135 † → TP2: 1.1820 → TP3: 1.1831† TP1 (1.18135) sits below the trigger; many use it as a quick back-fill objective after the breakout. If you prefer upside-only targets, start at 1.1820 and 1.1831.
Optional swing objective——Stretch: 1.18810 (if trend extends)Consider partials on the way; don’t let a winner turn into a loser.

Quick reminder (outside the table): After TP1, move the stop to entry and manage any runner. Stops should sit just beyond the activation side with a small buffer; never beyond the opposite threshold

  • Stops: place just beyond the activation side with a small buffer; never beyond the opposite threshold.

  • After TP1 or maximum, after TP2, move stop to entry to protect gains and manage any runner.

  • Treat thresholds as decision zones: if price cannot hold above/below the line, the signal weakens.

Tiny glossary (for newer readers)

  • Hold: stay above/below a level for ~ 15 minutes.

  • POC (point of control): the day’s most-traded price; often a magnet.

  • VWAP: average price by volume; many traders use it as dynamic support/resistance.

  • Threshold / trigger: the price that turns on a plan (bias flips).

Source: Investing Live