Weekly EURUSD Analysis
My outlook for EU is similar to GU — I’ll be watching for a retracement into demand before looking for buys back to the upside. The key area on my chart is the 9H demand zone, where I’ll be monitoring for signs of accumulation before entering longs.
At the same time, I’ve marked a 6H supply zone sitting at a strong premium level. If the bullish scenario doesn’t play out, this would be an ideal area to catch potential sells to the downside. Either way, I’ll be waiting for price to slow down and confirm at one of my POIs before committing.
Confluences for EU Buys:
- Strong 9H demand zone responsible for the last break of structure.
- Overall bullish structure → pro-trend trade idea.
- DXY analysis aligns with bullish EU outlook.
- Imbalance above + liquidity that still needs to be taken.
P.S. If price breaks below the 9H demand zone, I’ll be eyeing the 5H demand zone just beneath, as it’s more discounted and potentially offers an even cleaner long setup.
Let’s have a strong week ahead!
My outlook for EU is similar to GU — I’ll be watching for a retracement into demand before looking for buys back to the upside. The key area on my chart is the 9H demand zone, where I’ll be monitoring for signs of accumulation before entering longs.
At the same time, I’ve marked a 6H supply zone sitting at a strong premium level. If the bullish scenario doesn’t play out, this would be an ideal area to catch potential sells to the downside. Either way, I’ll be waiting for price to slow down and confirm at one of my POIs before committing.
Confluences for EU Buys:
- Strong 9H demand zone responsible for the last break of structure.
- Overall bullish structure → pro-trend trade idea.
- DXY analysis aligns with bullish EU outlook.
- Imbalance above + liquidity that still needs to be taken.
P.S. If price breaks below the 9H demand zone, I’ll be eyeing the 5H demand zone just beneath, as it’s more discounted and potentially offers an even cleaner long setup.
Let’s have a strong week ahead!
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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.