EUR/USD (EU) Analysis – This Week
This week, EUR/USD looks promising, similar to GBP/USD, with multiple key points of interest (POIs) in close proximity.
A clean, unmitigated 2-hour demand zone sits nearby, which could trigger a bullish rally if price reacts from this level. At the same time, price has been bearish over the past few days, forming a valid 9-hour supply zone from the recent downward push. I’ll be watching to see where price slows down and which liquidity level it targets first.
Confluences for EU Buys:
EU has been bullish for weeks, and this move could be a healthy correction before further upside.
The U.S. dollar remains bearish, aligning with this bullish bias.
A clean 2-hour demand zone has formed, which previously caused a break of structure to the upside.
Imbalances and untapped Asia session highs still need to be taken.
Note: If price breaks below this structural low, I will shift my focus toward sell opportunities. However, if that happens, we’ll know exactly where the ideal entry points for shorts will be.
This week, EUR/USD looks promising, similar to GBP/USD, with multiple key points of interest (POIs) in close proximity.
A clean, unmitigated 2-hour demand zone sits nearby, which could trigger a bullish rally if price reacts from this level. At the same time, price has been bearish over the past few days, forming a valid 9-hour supply zone from the recent downward push. I’ll be watching to see where price slows down and which liquidity level it targets first.
Confluences for EU Buys:
EU has been bullish for weeks, and this move could be a healthy correction before further upside.
The U.S. dollar remains bearish, aligning with this bullish bias.
A clean 2-hour demand zone has formed, which previously caused a break of structure to the upside.
Imbalances and untapped Asia session highs still need to be taken.
Note: If price breaks below this structural low, I will shift my focus toward sell opportunities. However, if that happens, we’ll know exactly where the ideal entry points for shorts will be.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.