EUR/USD Analysis: Bullish Market Structure with Key Zones
In this analysis of EUR/USD, we're observing a Bullish Market Structure highlighted by the blue arrow. The price action suggests a potential upward movement in the coming sessions.
Key Levels and Zones:
H4 FVG (Fair Value Gap):
The red zone indicates a significant gap on the 4-hour timeframe. This area is expected to act as a resistance zone where the price might react and potentially reverse.
M15 FVG (Fair Value Gap):
The blue zone marks a gap on the 15-minute timeframe. This is a crucial area to watch for potential bullish entries.
Trading Base (PRZ):
This area, labeled as the "Trading Base (PRZ)," represents a Potential Reversal Zone. It's a key zone where we might see the price reverse to the upside, aligning with our bullish structure.
Liquidity and FVG M15:
The liquidity zone (indicated by the black diagonal line) represents an area with significant buy/sell orders. The price may seek this liquidity before continuing its bullish trend.
Fibonacci Levels:
The 0.5 (1.08936) and 0.618 (1.08664) Fibonacci levels provide strong support, making them potential areas where the price could bounce and resume its upward movement.
Scenario:
The price may first dip into the M15 FVG or even reach the Trading Base (PRZ) before finding support and resuming its upward momentum.
Watch for price reactions within these zones, particularly around the H4 FVG, as this area could be pivotal for a significant move higher.
Overall, this setup suggests a bullish outlook for EUR/USD, with key levels to monitor for potential long entries.
Key Levels and Zones:
H4 FVG (Fair Value Gap):
The red zone indicates a significant gap on the 4-hour timeframe. This area is expected to act as a resistance zone where the price might react and potentially reverse.
M15 FVG (Fair Value Gap):
The blue zone marks a gap on the 15-minute timeframe. This is a crucial area to watch for potential bullish entries.
Trading Base (PRZ):
This area, labeled as the "Trading Base (PRZ)," represents a Potential Reversal Zone. It's a key zone where we might see the price reverse to the upside, aligning with our bullish structure.
Liquidity and FVG M15:
The liquidity zone (indicated by the black diagonal line) represents an area with significant buy/sell orders. The price may seek this liquidity before continuing its bullish trend.
Fibonacci Levels:
The 0.5 (1.08936) and 0.618 (1.08664) Fibonacci levels provide strong support, making them potential areas where the price could bounce and resume its upward movement.
Scenario:
The price may first dip into the M15 FVG or even reach the Trading Base (PRZ) before finding support and resuming its upward momentum.
Watch for price reactions within these zones, particularly around the H4 FVG, as this area could be pivotal for a significant move higher.
Overall, this setup suggests a bullish outlook for EUR/USD, with key levels to monitor for potential long entries.
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