6E Euro FX Futures Daily Chart Analysis: 2026-May-07 07:00 CT

Price Action

Last: 1.17845,
Bars: Medium,
Mom: average.

WSFG Weekly

Short-Term
WSFG Current: 19%
F0%/NTZ' Bias: Price Above,
WSFG Trend: Up.

MSFG Month May

Intermediate-Term
MSFG Current: 10%
F0%/NTZ' Bias: Price Above,
MSFG Trend: Up.

YSFG Year 2026

Long-Term
YSFG Current: -6%
F0%/NTZ' Bias: Price Below,
YSFG Trend: Down.

Swing Pivots

(Short-Term) 1. Pvt. Trend: UTrend,
(Intermediate-Term) 2. HiLo Trend: UTrend,
3. Pvt. Evolve: Pvt High 1.18195,
4. Pvt. Next: Pvt Low 1.16975,
5. Levels R: 1.21595, 1.18815, 1.18195,
6. Levels S: 1.16775, 1.14840, 1.14615.

Daily Benchmarks

(Short-Term) 5 Day: 1.17370 Up Trend,
(Short-Term) 10 Day: 1.17640 Up Trend,
(Intermediate-Term) 20 Day: 1.17640 Up Trend,
(Intermediate-Term) 55 Day: 1.17270 Up Trend,
(Long-Term) 100 Day: 1.17675 Up Trend,
(Long-Term) 200 Day: 1.17825 Down Trend.

Additional Metrics

ATR: 127,
VOLMA: 219000.

Recent Trade Signals

07 May 2026: Long 6E 06-26 @ 1.17905 Signals.USAR-MSFG
07 May 2026: Long 6E 06-26 @ 1.17875 Signals.USAR-WSFG
06 May 2026: Long 6E 06-26 @ 1.176 Signals.USAR.TR120

Overall Rating

Short-Term: Bullish,
Intermediate-Term: Bullish,
Long-Term: Neutral.

Key Insights Summary

Price is holding above the weekly and monthly fib grid midlines while pressing back into the 1.1780 to 1.1819 supply zone, which keeps the short-term swing structure constructive. The pivot trend is up and the next pivot objective is a lower swing low at 1.16975, showing the market is still working through a recovery phase after the prior selloff and rebound sequence. Benchmarks are mostly aligned in a supportive cluster near 1.1737 to 1.1783, with price trading around and slightly above that area, while the 200-day remains the main longer-term drag. The daily structure looks like a choppy recovery with higher-low behavior from the April base, and the recent long signals from TR120, WSFG, and MSFG confirm improving momentum across the shorter timeframes.