♻️ EURUSD: mid-term analysis for 5 - 9 July.
According to the current CoT reports, the total market volume increased by 1% to a cash figure of $225bn 744m.
The net outperformance of bullish positions continued to decline. Thus, over the past week, the bulls have further reduced their preponderance by another 6%, indicating a likely continuation of the decline.
💠 Partial increase of locked positions of investors gives grounds to assume about probable flattening of asset's quotations in the price corridor during the new trading week.
The main scenario is a successful test of the hedge zone (1.1904) and the subsequent decline with targets: premium of the hedge zone (1.1812) and an increase in upside positions of $114 million (1.1764).
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The net outperformance of bullish positions continued to decline. Thus, over the past week, the bulls have further reduced their preponderance by another 6%, indicating a likely continuation of the decline.
💠 Partial increase of locked positions of investors gives grounds to assume about probable flattening of asset's quotations in the price corridor during the new trading week.
The main scenario is a successful test of the hedge zone (1.1904) and the subsequent decline with targets: premium of the hedge zone (1.1812) and an increase in upside positions of $114 million (1.1764).
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Trade active:
979 05.07.2021 📊 EURUSD: Market maker loss level as potential resistance.
🔥 The closest support for today is the limit buyer level (1.1798).
The closest resistance for Monday is the market maker loss level (1.1874).
The main scenario today is a false-break of the mentioned resistance and the subsequent rise with the target, the limit seller (1.1894).
⏳ On reaching the level of the limit seller (1.1894), we expect the suspension of growth and the subsequent decline to the closing of the currency day with the target,- limit buyer (1.1798).
The closest resistance for Monday is the market maker loss level (1.1874).
The main scenario today is a false-break of the mentioned resistance and the subsequent rise with the target, the limit seller (1.1894).
⏳ On reaching the level of the limit seller (1.1894), we expect the suspension of growth and the subsequent decline to the closing of the currency day with the target,- limit buyer (1.1798).
Trade active:
🌐 EURUSD: Terminate market maker loss.
♻️ The key support for today is the balance of the day (1.1844).
The nearest resistance is the limit seller (1.1895).
In case of a successful test of the mentioned resistance level, we expect the subsequent decline with the target, the balance of the day (1.1844).
The nearest resistance is the limit seller (1.1895).
In case of a successful test of the mentioned resistance level, we expect the subsequent decline with the target, the balance of the day (1.1844).
Trade active:
🔥 EURUSD: traded in hedgerow support zone.
♻️ The closest resistance for today is the balance of the day level (1.1851).
The close location of the limit seller level (1.1873) further strengthens it.
In case of false breakdown of the balance of the day level, we expect a test of the sellers limit level (1.1873).
🎯 If a sell pattern is formed in the price range of 1.1851-1.1873 we expect intraday decrease with the target,- limit buyer (1.1785).
The close location of the limit seller level (1.1873) further strengthens it.
In case of false breakdown of the balance of the day level, we expect a test of the sellers limit level (1.1873).
🎯 If a sell pattern is formed in the price range of 1.1851-1.1873 we expect intraday decrease with the target,- limit buyer (1.1785).
Trade active:
❗️ EURUSD: trading near market maker loss.
The nearest resistance for today is the limit seller (1.1876).
✍️ On formation of a sell pattern near the price level of 1.1876, we expect a decrease to the market-maker loss level (1.1845).
🌐 On breakdown and fixation below the price level of 1.1845 we expect further decrease to the limit buyer (1.1978).
✍️ On formation of a sell pattern near the price level of 1.1876, we expect a decrease to the market-maker loss level (1.1845).
🌐 On breakdown and fixation below the price level of 1.1845 we expect further decrease to the limit buyer (1.1978).
