EURUSD Update — August 6, 2026
EUR/USD OANDA:EURUSD
Monthly
Monthly FVG tapped — price now sitting inside the FVG zone (~1.155–1.160)
Mirrors DXY monthly FVG tap — both aligning as expected
Daily
Price sitting in daily FVG confluencing with monthly FVG
POI has been reached — but market has not shown its hand yet
No confirmation of reversal until structure proves it. Also in premium. Multiple confluences working.
What we need to see
4HR failure swing as the safest entry signal
Break below current pivot at 1.15032 to confirm bearish continuation
First ERL target below at ~1.135 — reassess when price reaches that level
Bias: Bearish — POI tapped, waiting for confirmation
⚠️ Red folder news this week — no trades until market settles and structure is clear