EUR/USD is currently reacting from a strong daily demand zone around 1.1500–1.1535.
Price has shown a clear rejection from this area, suggesting that buyers are defending the zone. As long as this support remains valid, I am looking for a continuation toward the 1.1765 resistance area.
Trade Setup
🟢 Entry: 1.1535–1.1540
🔴 Stop Loss: 1.1453
🎯 Take Profit: 1.1765
⚖️ Risk/Reward: ~1:2.8
Technical Confluence
• Strong historical demand zone
• Multiple previous reactions from the same area
• Recent bullish recovery from the lows
• Potential liquidity sweep below previous lows
• 1.1765 remains the main resistance/target
Invalidation: A daily close below 1.1453 would invalidate the bullish setup.
I will be watching how price behaves around the demand zone before considering further upside.
Price has shown a clear rejection from this area, suggesting that buyers are defending the zone. As long as this support remains valid, I am looking for a continuation toward the 1.1765 resistance area.
Trade Setup
🟢 Entry: 1.1535–1.1540
🔴 Stop Loss: 1.1453
🎯 Take Profit: 1.1765
⚖️ Risk/Reward: ~1:2.8
Technical Confluence
• Strong historical demand zone
• Multiple previous reactions from the same area
• Recent bullish recovery from the lows
• Potential liquidity sweep below previous lows
• 1.1765 remains the main resistance/target
Invalidation: A daily close below 1.1453 would invalidate the bullish setup.
I will be watching how price behaves around the demand zone before considering further upside.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.