EURUSD Signal Alert | 2026-11-05 21:38

Technical Setup & Market Structure

The EURUSD pair is currently exhibiting signs of exhaustion near the 1.12315 resistance zone, suggesting a shift in order flow toward the sell side. Price action has struggled to maintain momentum above this level, forming a bearish rejection wick on the hourly timeframe. This technical setup indicates that sellers are regaining control, targeting liquidity pools residing below the current support levels. With the pair failing to sustain a breakout, we anticipate a corrective move toward lower support tiers as the market rebalances.

Macro & Economic Context

The upcoming 24-hour window is critical, dominated by high-impact USD macro events, most notably the Nonfarm Payrolls and Unemployment Rate data. These releases are expected to induce significant volatility. Given the current market anticipation surrounding US labor market health, the EURUSD is likely to face downward pressure if expectations for wage growth and payrolls are met. Traders should exercise caution, as the influx of fundamental data will likely dictate the pair’s trajectory, potentially overriding established technical patterns. Investors should monitor the Michigan Consumer Sentiment index for further cues on inflationary expectations.

Risk Parameters & Strategy Execution

We have initiated a SELL position at 1.12315. To manage risk effectively, the Stop Loss is strictly set at 1.12465. We suggest a disciplined approach to profit-taking: secure partial gains at TP1 (1.12073), move the stop to breakeven upon reaching TP2 (1.11923), and hold the remainder for TP3 (1.11681). Given the volatility surrounding the scheduled economic events, we recommend reducing position sizing to mitigate exposure to sudden spikes.

* Disclaimer: This technical report is automatically compiled by LanTrader system based on real-time order flow, technical levels, and macro news events.