The Euro has rallied into a major supply zone at 1.15800+, a level that hasn’t been broken since mid-2023. As price trades within this supply range, traders are eyeing either a strong breakout or a potential rejection back toward demand.
🟦 Key Supply Zone: 1.14994 – 1.16100
🟧 Major Demand Zones:
• 1.09023 (mid-range)
• 1.02903 (long-term support & prior consolidation base)
⚖️ Current Outlook:
• EURUSD is showing strength, but bullish momentum is slowing at resistance.
• A rejection candle from here could signal downside toward 1.0900 and even 1.0290.
• Break and close above 1.16100 on the daily would confirm bullish continuation toward untested zones.
🗓️ Marked Date: January 29, 2025 – Previous structure shift & start of bullish wave
💡 Watch Closely:
Price behavior around the current supply zone will determine direction for weeks ahead. Risk/reward now favors patient traders — wait for confirmation!
🧠 Chart Tools:
LuxAlgo Supply & Demand Visible Range
Timeframe: Daily (1D)
🚨 Potential Scenarios:
🔺 Breakout = Target 1.1800+
🔻 Rejection = Drop toward 1.0900 – 1.0300
👇 What’s your bias here? Are the bulls done or just getting started?
#EURUSD #ForexSignals #LuxAlgo #SupplyAndDemand #PriceAction #ForexStrategy #BreakoutOrRejection #FrankFx #TradingViewAnalysis #SmartMoneyTraders
🟦 Key Supply Zone: 1.14994 – 1.16100
🟧 Major Demand Zones:
• 1.09023 (mid-range)
• 1.02903 (long-term support & prior consolidation base)
⚖️ Current Outlook:
• EURUSD is showing strength, but bullish momentum is slowing at resistance.
• A rejection candle from here could signal downside toward 1.0900 and even 1.0290.
• Break and close above 1.16100 on the daily would confirm bullish continuation toward untested zones.
🗓️ Marked Date: January 29, 2025 – Previous structure shift & start of bullish wave
💡 Watch Closely:
Price behavior around the current supply zone will determine direction for weeks ahead. Risk/reward now favors patient traders — wait for confirmation!
🧠 Chart Tools:
LuxAlgo Supply & Demand Visible Range
Timeframe: Daily (1D)
🚨 Potential Scenarios:
🔺 Breakout = Target 1.1800+
🔻 Rejection = Drop toward 1.0900 – 1.0300
👇 What’s your bias here? Are the bulls done or just getting started?
#EURUSD #ForexSignals #LuxAlgo #SupplyAndDemand #PriceAction #ForexStrategy #BreakoutOrRejection #FrankFx #TradingViewAnalysis #SmartMoneyTraders
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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.