Euro / Dolar USALong
EU: Monitoring for Buy Opportunity Despite Friday's Sharp Drop
After last Friday's strong news event, the EUR/USD experienced a significant sell-off, pushing price further into the key demand zone between 1.1000 - 1.1050 on the daily chart. However, despite the heavy bearish pressure, the daily candle is yet to close, leaving room for a potential bullish reaction within this critical support area.
Key Points:
Demand Zone: Price is still within the major support zone that has historically provided strong buying interest.
Wait for Confirmation: Although the sell-off has been aggressive, we remain patient. A clear bullish reversal pattern (e.g., bullish engulfing or pin bar) on lower timeframes (H4 or H1) will serve as our entry signal.
Caution: Given the volatility from recent news, risk management is crucial. We will only initiate a BUY position once price action confirms a reversal.
Trade Setup:
Entry: Upon confirmation of bullish structure in the demand zone.
Stop Loss: Below 1.0950 to protect against further downside.
Target: Initial target at 1.1150, with room to adjust based on momentum and market conditions.
We remain cautious yet optimistic about a potential bounce from this area, but the confirmation of a strong pattern is essential before entering the trade.
EURUSD EURUSD EURUSD
Key Points:
Demand Zone: Price is still within the major support zone that has historically provided strong buying interest.
Wait for Confirmation: Although the sell-off has been aggressive, we remain patient. A clear bullish reversal pattern (e.g., bullish engulfing or pin bar) on lower timeframes (H4 or H1) will serve as our entry signal.
Caution: Given the volatility from recent news, risk management is crucial. We will only initiate a BUY position once price action confirms a reversal.
Trade Setup:
Entry: Upon confirmation of bullish structure in the demand zone.
Stop Loss: Below 1.0950 to protect against further downside.
Target: Initial target at 1.1150, with room to adjust based on momentum and market conditions.
We remain cautious yet optimistic about a potential bounce from this area, but the confirmation of a strong pattern is essential before entering the trade.
EURUSD EURUSD EURUSD 
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