Euro / U.S. Dollar
Long

EURUSD

Analysis Report:

Objective: Focusing on a long position for EURUSD.
Target Entry Levels:
Entry at 1.04085
Entry at 1.02091
Strategy:
Wait for sell-side liquidity to be exhausted before entering the long position.
Anticipate a possible reaction level at 1.04810 post entry.

Explanation:

Objective Clarification: The objective is to establish long positions in EURUSD at specified target entry levels.

Target Entry Levels:

1.04085: The first target entry level for the long position.
1.02091: The second target entry level for the long position.

Execution Strategy

Sell-side Liquidity: After SSL, closely monitor the market for the depletion of sell-side liquidity. This helps ensure a more favorable entry point and minimizes potential lose.

Reaction Level at 1.04810: After sellside liq., anticipate a possible reaction. This level could indicate a point of market reaction or a potential target for profit-taking.

Please note that current market conditions are bearish until the Dollar reaches at good liquidity level. So please have an appropriate risk management strategies before executing any trades.

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