Our outlook for the euro this week is bullish, just as it was last week. Orion indicates that further bullish momentum is likely, and continued weakness against the US dollar is also probable. We now have a COT bias showing more long positions being placed than shorts, aligning with the principles and rule set we always follow here.
We're looking for the lows to be taken out — including the high-volume low and any subsequent liquid lows beneath it — while keeping the probability of longs from these areas as the most likely movement. If we're aiming for the high — the highest point printed in 2025 — that would be our next target.
Following that move, there’s a chance we could see a pullback that may take us below the liquid points we’ve highlighted, given that the market is relatively overextended to the upside. But as we always say, we should expect price to go higher than expected before any reversal. Our bias is clearly long, so why would we go against that?
Follow your rules, manage your risk, and always let Orion lead the way.
We're looking for the lows to be taken out — including the high-volume low and any subsequent liquid lows beneath it — while keeping the probability of longs from these areas as the most likely movement. If we're aiming for the high — the highest point printed in 2025 — that would be our next target.
Following that move, there’s a chance we could see a pullback that may take us below the liquid points we’ve highlighted, given that the market is relatively overextended to the upside. But as we always say, we should expect price to go higher than expected before any reversal. Our bias is clearly long, so why would we go against that?
Follow your rules, manage your risk, and always let Orion lead the way.
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Learn the Orion Trading System with the link below.
🚀 Store: tinyurl.com/PSS-store
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
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.
Our FREE trading community & FREE YouTube content!
Learn the Orion Trading System with the link below.
🚀 Store: tinyurl.com/PSS-store
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
Learn the Orion Trading System with the link below.
🚀 Store: tinyurl.com/PSS-store
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
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.