Daily Market Brief: EUR/USD Analysis Through Correlation Pattern1. Current Market Situation
EUR/USD remains under pressure following DAX's -1.17% decline. Key observations:
Resistance zone: 1.0781-1.0791
Support level: 1.07810
Subdued trading volumes suggest impending volatility
2. Methodology
Our analysis employs:
Proprietary Correlation Indicator tracking:
• DAX/S&P 500 divergence
• EUR/USD's historical response to index movements
• Liquidity cluster levels
Price action analysis (not theoretical models)
3. Correlation Dynamics
Notable patterns:
Classic DAX-EUR negative correlation remains intact
S&P 500 resilience creates interesting divergence
Our indicator detects: 76% chance of false breakout before main move
4. Actionable Trade Plan
Primary Scenario (70% probability):
Sell zone: 1.0781-1.0791
Invalidation Conditions:
DAX rebounds above yesterday's close
EUR/USD sustains above 1.0791
5. Execution Guide
Monitor DAX futures in real-time
Watch for volume spikes at key levels
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