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Hello Traders
I hope you made it in the green last week.
Let’s have a look into this week upcoming fundamental news.
ECB,RBA,,FED & SNB 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
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:
- Nothing in the coming levels.See 4h
Next fresh demand zones on EUR/USD Dailly chart:
- 1.15560 – 1.14780 (Tested once, could hold more)
- 1.12230 – 1.11730
EUR/USD 4H Chart
Next fresh supply zone on the 4h EUR/USD chart seems to be:
- 1.18280 – 1.18610
Next fresh demand zone on the 4h EUR/USD chart seems to be:
- 1.16755-1.16380
- 1.15260 – 1.14775
EUR/USD 1H Chart
Next fresh supply zone on the 1h EUR/USD chart seems to be:
- 1.18365 – 1.18610
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:
- 1.17600 -1.17445 tested once…would avoid it.
- 1.16780 – 1.16615
Next week fundamental news
Yellen & Draghi speech could add some volatility to the markets next week.
Eur/Usd Trade Ideas:
Eur/Usd moved fast up from a strong daily demand mentioned in the previous weeks.It left a lot of unfilled orders for long traders…A good trade would be long @~ 1.16780 – 1.16615…if price goes to the supply mentioned above before visiting the demand zone first, I would avoid longs at @1.16780 – 1.16615 zone because price may visit the source of the upmove once again (Daily Demand)
Pio says
Hello.
Do you have Twitter account that we can follow to receive updates on new post?
ForexMentorOnline says
Hello Pio,
No but you can join the email list here