EURUSD 28 Jan 2025 W5- Intraday - US Durable Goods & Confidence
This is my Intraday analysis on EURUSD for 28 Jan 2025 W5 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
Tariff Discussions Continue: President Trump and Treasury Secretary Scott Bessant focused on tariff policies in their recent statements.
Bessant's Proposal: Bessant suggested a universal tariff starting at 2.5%, with a gradual monthly increase of 2.5%, potentially reaching up to 20%.
Trump's Tariff Plans: President Trump announced plans to impose tariffs on computer chips, pharmaceutical producers, and industries like steel, aluminum, and copper.
Trump's Push for Higher Tariffs: Trump expressed a desire for tariffs significantly higher than 2.5%, contradicting Bessant's proposal. This added further uncertainty to the market.
4H Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bullish
🔹Swing Continuation after BOS
2️⃣
🔹INT structure continuing bullish after the bullish BOS. We expect that at anytime the Swing Pullback will start.
🔹With price failing to close above Weak INT High, there is a HP that we are going to target the INT Low which will facilitate the Bullish Swing Pullback.
🔹Price is currently mitigating the 4H Demand and we could see some bullish move to facilitate the LTF pullbacks only.
3️⃣
🔹Expectation is set for price to continue Bearish to facilitate the Daily Bearish Continuation.
15m Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bearish
🔹Swing Pullback Phase
2️⃣
🔹Swing structure turned bearish after mitigating the Daily Supply zone.
🔹With the bearish BOS, a pullback is expected during the session today as we are mitigating the 4H Demand zone.
3️⃣
🔹Expectation is set to continue bearish to facilitate the 4H Swing pullback and Daily Bearish continuation.
- Market Sentiment
- 4H Chart Analysis
- 15m Chart Analysis
Market Sentiment
Tariff Discussions Continue: President Trump and Treasury Secretary Scott Bessant focused on tariff policies in their recent statements.
Bessant's Proposal: Bessant suggested a universal tariff starting at 2.5%, with a gradual monthly increase of 2.5%, potentially reaching up to 20%.
Trump's Tariff Plans: President Trump announced plans to impose tariffs on computer chips, pharmaceutical producers, and industries like steel, aluminum, and copper.
Trump's Push for Higher Tariffs: Trump expressed a desire for tariffs significantly higher than 2.5%, contradicting Bessant's proposal. This added further uncertainty to the market.
4H Chart Analysis
1️⃣
🔹Swing Bullish
🔹INT Bullish
🔹Swing Continuation after BOS
2️⃣
🔹INT structure continuing bullish after the bullish BOS. We expect that at anytime the Swing Pullback will start.
🔹With price failing to close above Weak INT High, there is a HP that we are going to target the INT Low which will facilitate the Bullish Swing Pullback.
🔹Price is currently mitigating the 4H Demand and we could see some bullish move to facilitate the LTF pullbacks only.
3️⃣
🔹Expectation is set for price to continue Bearish to facilitate the Daily Bearish Continuation.
15m Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bearish
🔹Swing Pullback Phase
2️⃣
🔹Swing structure turned bearish after mitigating the Daily Supply zone.
🔹With the bearish BOS, a pullback is expected during the session today as we are mitigating the 4H Demand zone.
3️⃣
🔹Expectation is set to continue bearish to facilitate the 4H Swing pullback and Daily Bearish continuation.
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Related publications
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.