EURUSD Intraday Analysis — Wednesday, July 23rd, 2025

Alright, fellow chart warriors — here’s the juicy update on everyone’s favorite moody currency pair: EURUSD.

So the market’s been sipping bullish juice ever since Friday, July 18th, 2025. That day, it flexed with a high of 1.16723, and ever since, it’s been climbing like it just discovered what “gains” mean. Let’s walk through the glow-up, shall we?

• Monday, July 21st: Price dips a toe into the 1.16146 pool (Higher Low), then leaps right back up and tags a Higher High at 1.17171 — talk about indecision in motion.
• Tuesday, July 22nd: Another cute little Higher Low at 1.16787, and guess what? EURUSD struts up to 1.17608, looking like it’s ready to move in with the bulls.

BUT WAIT.

There’s this annoying daily resistance level sitting at 1.17564, and EURUSD, like a well-behaved rebel, refused to close above it — it ended the day at 1.17544 instead. Such a tease.

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Now, here’s where it gets spicy:

EURUSD has lovingly crafted a support on H1 at 1.17459, and yes, there could be a bullish breakout from here.
But listen, I’m not falling for it.
This is way too high for me to get cozy.
I prefer value. I like discounts. I’m not buying Gucci at full price.

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Here’s the Deal — My Entry Plans:

1. Golden Entry Zone:
   If EURUSD drops to around 1.17047, I’ll be all over it like a trader on NFP day.
   But — and this is a big BUT — it has to reach that level by UTC 04:00 on Wednesday, July 23rd.
   Otherwise? That ship has sailed, captain.
2. Backup Plan Entry:
   If 1.17047 doesn’t get tagged, I’ll look for a classy entry at 1.17174, but only if price decides to grace that level by UTC 12:00.
   No punctual drop = no party.

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The Danger Zone:

If — God forbid — EURUSD nosedives and hits 1.17047 around UTC 06:00, then guess what?

It breaks out of the bullish channel like a toddler in a sugar rush. To fix that mess, price needs to throw down a wick and close back above 1.17089 on the H1 — otherwise the whole bullish narrative becomes a sad bedtime story.

And if 1.16784 breaks — welp, that’s your CHOCH moment (Change of Character for the cool kids).

After that, we’ll start talking bearish BOS and I’ll put on my shorting hat.

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Key Levels to Tattoo on Your Chart for July 23rd:

• 1.17174 — Potential long if price behaves before noon.
• 1.17047 — Premium long entry zone, if visited on time.

Until 1.16784 breaks, I’m keeping my flag firmly planted on the bullish hill.
Where I’m entering — I already spoon-fed you that above. The rest?
Well, you do you.

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TL;DR:

• EURUSD is bullish but acting shady near resistance.
• I’m not buying these highs — I like my entries like I like my coffee: low and strong.
• Eyes on 1.17047 and 1.17174 for buy setups — but only if price gets there on schedule.
• If 1.16784 breaks, call it quits — bull party’s over.
• Still bullish… for now.

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Disclaimer:

This ain’t financial advice, folks. It’s just one trader talking strategy and sarcasm. You’re the captain of your own trading ship — don’t blame the weatherman when you sail into a storm.