On EUR/USD, it's nice to see a strong support at the price of 1.1581.
This level marks the weekly Point of Control, where the heaviest volumes from last week were traded, showing strong buyer accumulation. Buyers who entered here later pushed the price up aggressively, and if the price returns to this area, they will likely defend it and push the market up again.
This level marks the weekly Point of Control, where the heaviest volumes from last week were traded, showing strong buyer accumulation. Buyers who entered here later pushed the price up aggressively, and if the price returns to this area, they will likely defend it and push the market up again.
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📗 Volume Profile & Order Flow books (FREE download)
volumeprofile.com
orderflow.com
📺 Free Volume Profile Webinar
trader-dale.com/webinar-how-to-trade-with-volume-profile-in-2022
💬 Have questions?
contact@trader-dale.com
volumeprofile.com
orderflow.com
📺 Free Volume Profile Webinar
trader-dale.com/webinar-how-to-trade-with-volume-profile-in-2022
💬 Have questions?
contact@trader-dale.com
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.