[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Omkar Godbole, MMS Finance, CMT [@godbole17](/creator/twitter/godbole17) on x 15K followers Created: 2025-07-14 14:11:42 UTC $EURUSD View: -Daily momentum model signal: Bearish. Short trades preferred (not an investment advice) -Could drop to 1.1640, with potential for deeper decline to XXXX. -Bear view to remain while the pair remains in the descending channel. Breakout would open up upside to XXXXXX. EUR/USD has been moving lower through a descending channel (blue) since hitting a high of XXXXXX on July 1, which is visible on the hourly chart. The pair last traded at 1.1682, with the daily MACD producing deeper bars below the zero line to suggest a strengthening of downside momentum. The pair has also moved below the short-duration EMA band of the Guppy indicator, indicating a temporary bearish shift in momentum. So, I expect a drop to the lower end of the descending channel, currently at around 1.1643, following which, the focus would shift to the support of the broader ascending channel connecting May XX and May XX lows. That support is currently seen at XXXX. A violation there would put a major dent in the wider bullish outlook. The immediate bearish view risks invalidation in case of a breakout above the descending channel. Such a move would signal resumption of the broader upswing, opening doors to the test of the upper end of the rising channel, currently at around XXXXXX.  XXX engagements  **Related Topics** [investment](/topic/investment) [bearish](/topic/bearish) [$eurusd](/topic/$eurusd) [finance](/topic/finance) [Post Link](https://x.com/godbole17/status/1944761725900947868)
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Omkar Godbole, MMS Finance, CMT @godbole17 on x 15K followers
Created: 2025-07-14 14:11:42 UTC
$EURUSD
View: -Daily momentum model signal: Bearish. Short trades preferred (not an investment advice) -Could drop to 1.1640, with potential for deeper decline to XXXX. -Bear view to remain while the pair remains in the descending channel. Breakout would open up upside to XXXXXX.
EUR/USD has been moving lower through a descending channel (blue) since hitting a high of XXXXXX on July 1, which is visible on the hourly chart.
The pair last traded at 1.1682, with the daily MACD producing deeper bars below the zero line to suggest a strengthening of downside momentum. The pair has also moved below the short-duration EMA band of the Guppy indicator, indicating a temporary bearish shift in momentum.
So, I expect a drop to the lower end of the descending channel, currently at around 1.1643, following which, the focus would shift to the support of the broader ascending channel connecting May XX and May XX lows. That support is currently seen at XXXX. A violation there would put a major dent in the wider bullish outlook.
The immediate bearish view risks invalidation in case of a breakout above the descending channel. Such a move would signal resumption of the broader upswing, opening doors to the test of the upper end of the rising channel, currently at around XXXXXX.
XXX engagements
Related Topics investment bearish $eurusd finance