Friday's 5,933–6,023 range anchors today's playbook. Watch 5,992 as the pivot for upside targets at 6,000, 6,010, and 6,023 or downside probes into 5,980.75, 5,962.50, and below.

1. Daily context

  • Range reminder: Friday's high at 6,023 and low at 5,933 define the key weekly bracket.

  • Trend bias: Still within an overall uptrend from June 3 lows, but short-term momentum has stalled just under 6,000.

2. Key levels to watch

Level type significance

6,023 - Friday High - First resistance; range cap.

6,010 - Minor High - Short-term target if 5,992 holds.

6,000 - Round Number - Psychological barrier.

5,992 - Friday POC (light blue)- Pivot: hold for bullish bias.

5,980.75 - Support - Volume-profile support from Friday.

5,962.50 - VWAP Mid (red) & Daily VAH (yellow)- Major intra-day support.

5,946 - Friday VAH low - First sell-off target if a breakdown occurs.

5,933 - Friday Low - Full range test; new longs only on hold.

Chart

3. Bullish scenario

  1. Hold 5,992 POC in London open.

  2. Target 6,000 area for initial profit-taking.

  3. Extension to 6,010 & 6,023 if buying pressure sustains.

  4. Breakout above 6,039 (daily upper bound) opens run to 6,070+.

Entry: Aggressive longs off 5,992–5,980.75 zone.

Stops: Just below 5,980.75.

4. Bearish scenario

  1. Failure under 5,992—rollover signals.

  2. First support test at 5,980.75.

  3. Deeper pullback into 5,962.50 (VWAP mid / VAH).

  4. Break below 5,962.50 targets 5,946, then 5,933.

Entry: Short triggers under fresh 5,992 breach.

Stops: Above 5,992

5. Session flow and execution

  • London session: Assess strength at POC (5,992).

  • NY open: Confirm break or hold—use higher-timeframe VWAP and volume clusters for conviction.

  • Daily close: Monitor reaction into 5,962.50: hold bullish case; reject signals deeper correction.

Bottom line

Maintaining Friday's range puts 5,992 at the Focal point of today's directional bias. Hold it, and look to revisit 6,000–6,023; lose it and expect a slide toward 5,962.50 and below. Ride the pivot and manage risk around these defined levels.

(This analysis is for informational and educational purposes only and does not constitute financial advice. Always conduct your own due diligence before trading.).

Share: Feed news

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended content

Editors’ Picks

EUR/USD retreats from multi-year tops past 1.1600

EUR/USD retreats from multi-year tops past 1.1600

On Thursday, the EUR/USD extended its uptrend and reached its highest level since November 2021, north of 1.1600 the figure. The marked advance in the pair came in response to the pronounced decline in the US Dollar, aggravated after poor results from the US labour market and softer producer prices.

GBP/USD keeps the bid bias intact around 1.3600

GBP/USD keeps the bid bias intact around 1.3600

Following an initial dip to the 1.3520 zone, the GBP/USD regained traction and traded over the 1.3600 mark on Thursday, building on Wednesday’s gains. The US Dollar (USD) is under heavy selling pressure following weaker inflation data and  disappointing jobless claims number.

Gold remains strong around $3,400

Gold remains strong around $3,400

Gold maintains its weekly rebound well in place, now trading near the $3,400 mark per troy ounce following a strong retracement in the US Dollar, declining US yields across the curve and growing geopolitical tensions.

Cardano Price Forecast: Whales acquire 310 million ADA amid potential triangle breakout

Cardano Price Forecast: Whales acquire 310 million ADA amid potential triangle breakout

Cardano (ADA) shows weakness as it reverses from an overhead trendline of a triangle pattern. The altcoin edges lower by over 1% at press time on Thursday, fueling a steeper correction in its Open Interest. Amid weakness, Cardano whales have acquired 310 million ADA tokens so far this month, projecting increased confidence as the triangle pattern nears resolution. 

US tariffs here to stay, trade deals ‘largely symbolic’

US tariffs here to stay, trade deals ‘largely symbolic’

Despite legal challenges to IEEPA tariffs, US trade policy remains firm. Tariffs on steel and aluminium have doubled, and new sectoral tariffs are expected. Trade deals may emerge, but most will be symbolic. Effective tariff rates will stay high throughout 2025.

The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025