Hi All, This is my top down analysis of Euro / USD going into next week. Be kind i am new :-)
EURUSD
TLDR : We were in an uptrend but now price is ranging but with slight bias to bearish side. Use lower TF to trade the ranges or wait for a clearer trend direction to form and a breakout of the ranges
Weekly TF (slightly Bearish) - Price has been ranging since October 2023 between the demand zone at 1.05000 and the supply zone at 1.10500 with last weeks close landing roughly in the middle of the range
s3.tradingview.com/s...shots/5/5DNtandn.png
Daily TF (slightly Bearish) - Pretty much same story Price has been ranging since Wednesday 14th Feb between the demand zone at 1.07200 and the supply zone at 1.09600 with last days close landing roughly in the middle of the range
s3.tradingview.com/s...shots/t/TntEICZx.png
4HR TF (slightly Bearish) - Pretty much same story Price has been ranging since Thursday of March between the demand zone at 1.07300 and the supply zone at 1.09400 with last days close landing roughly in the middle of the range
s3.tradingview.com/s...shots/a/aaMEVRuy.png
1HR TF (slightly Bearish) - Pretty much same story Price has been ranging since Wednesday 3rd April between the demand zone at 1.07650 and the supply zone at 1.08750 how ether last days close has now landed near another potential supply zone at 1.08450 . Wait and see how price reacts to this zone. Potential rejection and sells back down towards the lows at 1.08000
or it could break the zone to the upside so wait for break and retest then could look for longs back up to previous supply zone
s3.tradingview.com/s...shots/5/5KkCvQdh.png
EURUSD
TLDR : We were in an uptrend but now price is ranging but with slight bias to bearish side. Use lower TF to trade the ranges or wait for a clearer trend direction to form and a breakout of the ranges
Weekly TF (slightly Bearish) - Price has been ranging since October 2023 between the demand zone at 1.05000 and the supply zone at 1.10500 with last weeks close landing roughly in the middle of the range
s3.tradingview.com/s...shots/5/5DNtandn.png
Daily TF (slightly Bearish) - Pretty much same story Price has been ranging since Wednesday 14th Feb between the demand zone at 1.07200 and the supply zone at 1.09600 with last days close landing roughly in the middle of the range
s3.tradingview.com/s...shots/t/TntEICZx.png
4HR TF (slightly Bearish) - Pretty much same story Price has been ranging since Thursday of March between the demand zone at 1.07300 and the supply zone at 1.09400 with last days close landing roughly in the middle of the range
s3.tradingview.com/s...shots/a/aaMEVRuy.png
1HR TF (slightly Bearish) - Pretty much same story Price has been ranging since Wednesday 3rd April between the demand zone at 1.07650 and the supply zone at 1.08750 how ether last days close has now landed near another potential supply zone at 1.08450 . Wait and see how price reacts to this zone. Potential rejection and sells back down towards the lows at 1.08000
or it could break the zone to the upside so wait for break and retest then could look for longs back up to previous supply zone
s3.tradingview.com/s...shots/5/5KkCvQdh.png