EUR/USD Potential buys from current zone or 1.12800My outlook for EU this week closely aligns with GU — both pairs are showing similar structure and direction. Price continues to form higher highs and higher lows, maintaining its bullish momentum.
Following the most recent break of structure to the upside, EU has now entered a 9H demand zone, where I’ll be watching for signs of accumulation and potential entry as the market opens on Monday.
If this current zone fails to hold, there’s a more discounted 9H demand zone just below, which could offer a cleaner long opportunity. Either way, both scenarios follow the pro trend, which adds conviction to the buy idea.
Confluences for EU Buys:
Price has broken structure to the upside and entered a clean 9H demand zone
There’s another refined 9H demand zone just below for additional confirmation
Plenty of upside liquidity remains untouched
Structure remains bullish on the higher timeframes, making this a pro trend setup
P.S. If price reacts well and continues pushing higher, I’ll be keeping an eye on the 7H supply zone above for any possible short-term bearish reaction.
Wishing everyone a successful and disciplined trading week ahead!
Eurostrength
EUR/USD Should be watched closelyThe Eur/Usd has been in an elongated channel for the better part of half a year. This channel isn't inherently bearish, however the DXY has shown recent strength after breaking above old support and retracing over 4%.
We watch the EURUSD chart closely to see whether we break down from this channel which will probably mean a few months of bearish PA.
My prediction - We retrace upwards as the DXY cools down a bit, make a lower high before coming back and breaking down from the channel - heading to 1.04.
EURSEK:Euro back?EUR/SEK
Intraday - We look to Buy at 10.5061 (stop at 10.4794)
Preferred trade is to buy on dips. Prices have continued the bullish move higher and resulted in 5 consecutive positive days. There is scope for mild selling at the open but losses should be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 10.5900 and 10.6100
Resistance: 10.5900 / 10.6074 / 10.7000
Support: 10.5000 / 10.4500 / 10.4000
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