What is the key pivot level for EUR/USD today?

The primary regime line and pivot level is 1.18500. Trading above this level suggests a bullish bias, while trading below it suggests a bearish stance.

What are the major resistance levels for EUR/USD?

Resistance is currently mapped at 1.19000, 1.19500, and 1.20000, with a long-term stretch target reaching 1.21000.

How should I trade the 1.18000 level?

1.18000 is a significant psychological figure magnet. We recommend trading smaller positions and waiting for a retest to confirm if the level is being protected or repaired.

EUR/USD Trading Playbook & Levels | Feb 07 2026

A detailed technical guide for EUR/USD trading regimes, focusing on the 1.18500 pivot and round-number psychological magnets for the upcoming sessions.

As we look toward the market reopen following the February 7th weekend, EUR/USD remains the primary macro bellwether, requiring a disciplined classification of trend versus range regimes to navigate the upcoming liquidity windows.

Currently, the euro dollar live sentiment suggests a market prioritising front-end expectations over long-term valuation. With a reference mid-rate of 1.18259, traders should monitor the EURUSD price live action closely as the London and New York sessions converge. The quickest way to classify the market regime is to observe how the first New York hour treats the boundaries established during the London morning.

Execution Framework and Tactical Setups

To maintain a professional edge, traders must distinguish between "information" and "noise" on the EUR USD chart live. Our primary framework involves identifying the 1.18500 pivot as the critical regime line. Acceptance above this level shifts the bias toward buying dips, while trading below it suggests a preference for selling rallies. The EUR to USD live rate often experiences heightened volatility around the 1.18000 figure magnet, where we recommend trading smaller sizes and demanding price confirmation.

Key Trading Scenarios

Break-and-Retest: Engage only after clear acceptance beyond 1.19000 or 1.18000. It is vital to wait for a EUR USD live chart retest that holds before committing capital.
Failed-Break Fade: If a breach of the 1.19000 resistance or 1.18000 support fails to find follow-through and repairs quickly, we look to fade the move back toward the 1.18500 pivot.
Figure Tactic: Constant monitoring of the EUR/USD price live near round numbers is essential; if the figure is protected on a retest, the probability of trend continuation rises significantly.

Market Structure and Microstructure Notes

On the EUR USD realtime tape, stop placement defines the success of range tactics. We advise against chasing the first impulse move. Instead, wait for the retest, as the EUR USD price often probes liquidity pockets before establishing a true direction. This is especially true when EURUSD price live volatility expands without immediate follow-through.

For those monitoring the EUR USD live chart, the session handover markers are critical. The window between 07:45 and 08:30 London time often sets the initial tone, while the first pullback after the New York open (08:30 EST) serves as the ultimate confirmation test for the daily bias.

Levels Map for Planning

Managing risk on a headline-driven tape requires a clear map of liquidity. The resistance ladder currently scales from 1.19000 up to 1.20000, with a major stretch target at 1.21000. Conversely, the support ladder begins at 1.18000, moving down through 1.17500 toward the 1.16000 handle. Using a EUR {QUOTE} chart live (USD) helps in identifying where the "regime filter" shifts from bullish to bearish.

In summary, treat 1.18500 as your line in the sand. Whether you are scalping the EUR/USD price live or positioning for a swing, the quality of the retest defines the trade's viability. This weekend note provides a structured plan for the reopen, intended to help traders avoid the "false certainty" often found in early Asia liquidity gaps.