TradeMultiMarkets

Buy/Sell Zones For Day Trade

FX:EURUSD   Euro Fx/U.S. Dollar
361 0 0
Bigger picture this pair is still technically strong. I do not factor fundamentals into day trading analysis because they are irrelevant in terms of this time horizon. A strong technical bias means that I will expect for performance from my longs and less from my shorts. IF this pair reaches these levels over the next day or two, a trading opportunity may emerge. The key is to identify valid reversal structures on smaller time frames within these zones. If bullish reversal patterns appear in the buy zone, especially on a 30 min time frame, the trade is worth holding for an attempt at a new high in my opinion (1.3250+). If reversal is not present on 30 min to 1H, and only on 5 - 15 min, then the trade is good for scalp or day trade only which equates to about a 30 pip target. If price reaches selling zone, and can be confirmed with sound price structure, I think a short is in good order, but for a day trade or scalp only. This pair is not proven on the short side yet and until it is, I expect less from shorts.



United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out