As we move through the year 2025, we remain bullish on the euro against the US dollar. We're looking for price to pull back to an area of relatively high liquidity.
Currently, we have taken a short-term area, and there is potential for a lower expansion. However, we are now expanding higher from the short-term low that was taken out. We have two major highs marked as targets, and these same points could also serve as areas where price may move lower.
If we reverse at these all-time monthly highs, this should not be viewed as a bearish shift—rather, it’s an opportunity to follow price higher. The two lows we have marked, which have not yet been tapped, are high-volume lows. Keeping in mind that a reaction from these areas is more ideal forms the main basis of our outlook for the week.
Remember, don’t chase the market—let it come to you. If you have a trading plan, stick to it. If you don’t, I strongly encourage you to collect data, use a proven data-driven edge, and trade based on the insights you’ve gathered.
Always trade your plan, manage your risk, and let Orion lead your way.
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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.