
The 6E Euro FX Futures daily chart shows a market in transition. Price action is consolidating near 1.18155 with medium-sized bars and average momentum, reflecting indecision after recent volatility. The short-term WSFG trend is up, with price above the weekly NTZ, but the monthly MSFG trend is down, indicating intermediate-term weakness as price remains below the monthly NTZ. The swing pivot structure highlights a short-term downtrend (DTrend) but an intermediate-term uptrend (UTrend), with the most recent pivot low at 1.17425 and the next potential pivot high at 1.18745. Resistance levels cluster above 1.18, while support is established at 1.17425 and lower at 1.16155 and 1.15420. Daily benchmarks are mixed: the 5-day MA is trending up, but the 10, 20, and 55-day MAs are trending down, suggesting short-term attempts to rally are meeting intermediate-term resistance. Long-term MAs (100 and 200-day) are in uptrends, providing a neutral to slightly supportive backdrop. ATR and volume metrics indicate moderate volatility and participation. Recent trade signals show both long and short entries, reflecting the choppy, range-bound nature of the current environment. Overall, the short-term outlook is neutral as the market tests key levels, the intermediate-term remains bearish due to prevailing downtrends in the monthly grid and moving averages, while the long-term view is neutral as price consolidates above major support but below significant resistance. The market is in a consolidation phase, with potential for breakout or further range trading depending on upcoming price action and macro drivers.