My bias for EUR/USD (EU) aligns with my outlook on other dollar pairs, as the Dollar Index (DXY) has been trending lower, reinforcing the bullish momentum for EU, GU, and Gold.
Currently, there’s a clean 3-hour demand zone that caused a break of structure to the upside—this is the move I’m looking to capitalize on. My expectation is for price to continue higher and target the pool of liquidity resting above.
That said, if price shows a shift in character to the downside on the higher timeframes (HTF), I’ll reassess and look for potential opportunities to capitalize on that move instead.
Confluences for EU Buys:
✅ Price is in a strong bullish trend, consistently forming higher highs and higher lows.
✅ The Dollar Index (DXY) remains bearish, supporting this bullish outlook.
✅ Liquidity above that price is likely to target.
✅ Clean 3-hour demand zone that remains unmitigated.
Alternative Scenario:
If price drops below the 3-hour demand zone, I’ll look for my next buy opportunity at the clean 6-hour demand zone around 1.03000, where price would be in a more discounted area.
Stay sharp and trade smart—have a great trading week! 🤺
Currently, there’s a clean 3-hour demand zone that caused a break of structure to the upside—this is the move I’m looking to capitalize on. My expectation is for price to continue higher and target the pool of liquidity resting above.
That said, if price shows a shift in character to the downside on the higher timeframes (HTF), I’ll reassess and look for potential opportunities to capitalize on that move instead.
Confluences for EU Buys:
✅ Price is in a strong bullish trend, consistently forming higher highs and higher lows.
✅ The Dollar Index (DXY) remains bearish, supporting this bullish outlook.
✅ Liquidity above that price is likely to target.
✅ Clean 3-hour demand zone that remains unmitigated.
Alternative Scenario:
If price drops below the 3-hour demand zone, I’ll look for my next buy opportunity at the clean 6-hour demand zone around 1.03000, where price would be in a more discounted area.
Stay sharp and trade smart—have a great trading week! 🤺
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.
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.