EUR/USD Weekly Outlook | Harmonic Butterfly Pattern

Here is a professional TradingView publish description for your EUR/USD Weekly Butterfly Pattern Analysis:


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🦋 EUR/USD Weekly Outlook | Harmonic Butterfly Pattern

Pair: EUR/USD
Timeframe: 1W (Weekly)
Strategy: Harmonic Pattern Recognition – Butterfly Pattern
Bias: Bearish Reversal Setup


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🔍 Pattern Analysis:

Butterfly Harmonic Pattern completed with precision at the 1.272–1.414 extension zone, forming the critical D-point near 1.14700.

Price has reacted sharply from the PRZ (Potential Reversal Zone), aligning with a historical supply zone.

Confluence from Fibonacci extensions:

AB = 0.786 retracement

BC = 0.382 to 0.886 retracement

CD = 1.618 to 2.618 extension



📉 Bearish rejection expected from this high-probability reversal zone.


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📌 Key Levels:

PRZ (Potential Reversal Zone): 1.14500 – 1.15000

First Target Zone (Support Block): 1.11500 – 1.10500

Invalidation (Pattern Failure): Close above 1.15500



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📅 Projection: This weekly harmonic butterfly suggests a potential trend reversal or deep pullback. We may see EUR/USD targeting lower support as D-point gets respected. Watch for signs of weakness such as long-wick rejections, bearish engulfing patterns, or RSI divergence confirmation.


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💡 Conclusion: EUR/USD is at a critical juncture. If the butterfly holds, this could be a high RR short opportunity for swing traders. Patience is key—confirmation on lower timeframes will validate entry.


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