Insights from the Market Desk by FenzoFx.com

[FxNews]

EURUSD: Bearish Setup Builds Below $1.1778





FenzoFx—Euro began dipping after it tapped into the bearish fair value gap with resistance at $1.1778. Looking at the 4-hour charts, we notice equal lows with liquidity resting below $1.1712.


From a technical perspective, we expect the price to start a new bearish leg if the fair value gap with resistance at $1.1778 holds. Please note that the downtrend outlook should be invalidated if the price closes and stabilizes above this mark.

[FxNews]

LTC/USD May Tap $110.5 Before Drop





FenzoFx—Litecoin is trading sideways. We expect LTC/USD to tick higher toward $110.5 before resuming its downtrend. If this scenario unfolds, the next bearish target is the $88.00 support area.


Please note, the bearish outlook remains valid unless price closes and stabilizes above the fair value gap near $114.00.

[FxNews]

Ethereum Pulls Back After Liquidity Tap





FenzoFx—Ethereum tapped liquidity above the equal highs at $4,233.00 and now trades around $4,190.0, down 0.60% today. Despite the move, the volume profile didn’t form a new high, signaling bearish bias. Immediate support lies at $4,130.0. A close below this level may trigger further downside toward $4,034.0.


If selling pressure continues, ETH could decline to the recent lows at $3,825.0. The bearish outlook remains valid below $4,250.0, which must be breached and held to invalidate it.

[FxNews]

Euro May Drop Toward $1.1656




FenzoFx—Euro traded higher today, up by 0.33%; however, the uptrend eased after the price reached the equal highs at $1.1807. However, the volume profile formed lower lows, meaning the current uptick in momentum could be fake.

The immediate support rests at $1.1761. From a technical perspective, a close below this level can trigger the downtrend. If this scenario unfolds, Euro could target the lows at $1.1656.

[FxNews]

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[FxNews]

Litecoin: Bearish Outlook Holds Below $114.00




FenzoFx—Litecoin dipped below $103.10 liquidity and rebounded, now trading around $105.9. The trend remains bearish, supported by lower lows and volume profile. Following the sweep, LTC/USD may consolidate toward resistance, targeting the daily FVG mean threshold near $110.5. If buying pressure continues, the gap could be filled up to $114.00.

The bearish outlook remains valid below $114.00, with potential downside targeting liquidity at the $88.00 area. A close above $114.00 would invalidate this view.

[FxNews]

Bitcoin Eyes $114K Before Bearish Continuation




FenzoFx—Bitcoin remains bearish, though the downtrend eased near the equal lows at $107,268. The first daily bearish fair value gap has been inverted, but this does not signal a market structure shift. Price may rise toward higher resistance before resuming its decline.

Immediate support is at $110,370. Technically, BTC/USD could target the mean threshold of the bearish FVG near $114,000.0, offering a premium entry for short positions aiming below $107,268.

[FxNews]

GBP/JPY: Support at 199.80 Key to Downside





FenzoFx—GBP/JPY is consolidating in a mild uptrend, trading around 200.00 inside the bearish fair value gap. Immediate support rests at 199.80. If price closes below this level, the bearish trend may resume, targeting equal lows at 199.14 and potentially 198.67 if selling pressure continues.


The bearish outlook is invalidated if price closes above the bearish FVG resistance at 200.30.

[FxNews]

EUR/USD Eyes Liquidity Gap at $1.1788 Support




FenzoFx—Euro is trading bearish in the short term, currently lingering around the fair value gap with support at $1.1788. Looking at the 4-hour chart, we notice the price respected the bearish FVG with resistance at $1.1903, and the price failed to close above it and engulfed below it.

From a technical perspective, the sell-side liquidity has not been taken yet. That's the gap area with support at $1.1788. We expect the short-term bearish bias to resume by filling the gap. The cumulative volume profile also indicates the recent higher lows are valid, and there is no bullish divergence.

The bearish outlook should be invalidated if the price closes above $1.1903.

[FxNews]

Gold: Volume Profile Signals Potential Reversal




FenzoFx—Gold rose from $3,729.50 today, testing the resistance at $3,751.30. Interestingly, the cumulative volume profile did not form a new higher high, indicating bearish divergence.

The immediate support is at $3,747.00. From a technical perspective, XAU/USD could dip if the price crosses and stabilizes below the support. Traders should monitor the short-term resistance and the cumulative volume delta closely for bearish setups.