**Monthly Chart**
EURUSD *long-term directional bias* has been bearish since 2008. The pair bounced higher from Sept 2022 at around 0.9500 level and then remained in a range from Jan 2023 till date between 1.05000 and 1.27000. Last month candle closed with doji candle (indicating indecision). However, it was the support level of the range in which it had a good reaction for buyers to enter into the market. Therefore, the *short-term directional bias* is long until we reach 1.2700 level.
**Weekly Chart**
Last week candle closed slightly higher. Indicating the price direction will continue higher. So this week I will be looking for buying opportunities near buy zones (or demand zones)
**Daily Chart**
There were plenty of buying opportunities every week on the daily chart from the beginning of November 2023. I will be focusing on buying at pullbacks with clear demand zones in shorter time frames.
EURUSD *long-term directional bias* has been bearish since 2008. The pair bounced higher from Sept 2022 at around 0.9500 level and then remained in a range from Jan 2023 till date between 1.05000 and 1.27000. Last month candle closed with doji candle (indicating indecision). However, it was the support level of the range in which it had a good reaction for buyers to enter into the market. Therefore, the *short-term directional bias* is long until we reach 1.2700 level.
**Weekly Chart**
Last week candle closed slightly higher. Indicating the price direction will continue higher. So this week I will be looking for buying opportunities near buy zones (or demand zones)
**Daily Chart**
There were plenty of buying opportunities every week on the daily chart from the beginning of November 2023. I will be focusing on buying at pullbacks with clear demand zones in shorter time frames.
Join our PropSignals Channels on Telegram
t.me/PropsignalAE
t.me/PropsignalAE
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.
Join our PropSignals Channels on Telegram
t.me/PropsignalAE
t.me/PropsignalAE
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.