I hope you made it in the green last week.
In our last week analysis, a lot of levels worked very well giving us a lot of trade opportunities in lower time-frames with Eur/Usd being the best one bouncing from the daily demand.
Let’s have a look into this week upcoming fundamental news.
ECB,BOJ,BOE,Fed presidents speeches may cause a lot of volatility on all major pairs this week.
Now let’s dig into supply & demand levels for this week.
EUR/USD Daily Chart:
Eur/Usd is bouncing up very well from the daily demand zone of 1.14780 – 1.15560 which was mentioned in the last 2 weeks analysis.
Next fresh supply on EUR/USD Dailly chart:
- 1.17535 – 1.18365.
Next fresh demand zones on EUR/USD Dailly chart:
- 1.11730 – 1.12230
EUR/USD 4H Chart
Next fresh supply zone on the 4h EUR/USD chart seems to be:
- 1.18000 – 1.18370
Next fresh demand zone on the 4h EUR/USD chart seems to be:
- 1.14775 – 1.15260
- 1.11730 – 1.12230 (same as the daily demand)
EUR/USD 1H Chart
Next fresh supply zone on the 1h EUR/USD chart seems to be:
- 1.17510 – 1.17860
Zone 1.16385 – 1.16935 is the 1h level we mentioned last week therefore I don’t consider it fresh anymore but since price is in our supply zone it worth looking for shorts.
Fresh 1h demand levels on on the 1h EUR/USD chart:
There are no fresh demand levels during this up move in my opinion….
Next week fundamental news
Yellen & Draghi speech could add some volatility to the markets next week.
Eur/Usd Trade Ideas:
Eur/Usd is bouncing from a good daily demand level. I would avoid short attempts at the current levels and look for shorts at 1.17510 – 1.17860 area.