EURUSD: Detailed Structure Analysis 🇪🇺🇺🇸

26 בספט׳ 2022

A lot of questions about EURUSD.

Here is my latest structure analysis and key levels to watch for you:

Analyzing a monthly time frame, I spotted 0.94 - 0.96 historical support
based on a price action of 2001 and 2002.

On a daily time frame, a bit lower, we have a support line of a major falling parallel channel.
The trend line and a monthly horizontal structure compose a solid demand zone from where the pair may bounce.

Concerning the resistances, I see 0.986 - 0.99 horizontal resistance and a resistance line of a channel.
They compose a supply area.

Consider these structures for pullback / breakout trading.

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