Forex_Times

⭐️ EURUSD: Weekly analysis for May 3-7.

OANDA:EURUSD   Euro / U.S. Dollar
♻️ Last trading week successfully worked out the main scenario, an increase to the option price level at 1.2155 (corrected for a 5 pips underperformance in real trading conditions).
Buyers preponderance increased additionally by 8% in the last trading week.
💡 Total market volume is up 2% on new CoT reports, confirming the true nature of the hidden bullish recruitment by institutional investors.
The closest support for intra-week trading is the weekly hedgerow support zone premium level of 1.1962.
The main scenario for the new trading week is a break-down of the price level of 1.1962 and the subsequent reaching of the market maker's loss level (1.1890).
In case of occurrence of the pattern to buy near the price level of 1.1890, we expect the subsequent rise with the medium-term target, the balance of the week 1.2009.
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Trade active:
⭐️ EURUSD: The intraday limits are far away. 🔥 The nearest resistance for today is price range 1.2061-1.2085, where premium level and limit seller is located.
In case of impulse rise to the mentioned resistance and formation of a sell pattern, we expect further decline with the nearest target, the limit buyer (1.1980).
✍️ The subsequent downside target within the trading week is the premium level of the weekly hedge support area (1.1963).
Trade active:
✅ EURUSD: rebounded from the limit seller. 📊 Over the past 24 hours has successfully worked out the test of the nearest resistance, the limit seller (1.2061).
Today, during the European session is expected to continue the downward trend with the weekly target, i.e. weekly balance (1.2010).
⭐️ In case of successful test of the mentioned support, the nearest target of increase till the end of the day is the balance of the day (1.2045).
Trade active:
🌐 EURUSD: The week's balance sheet unwinding continues. ⚠️ Over the past 24 hours, the market maker's highest net profit level has declined dynamically from 1.2010 to a quote of 1.2000.
The nearest resistance for today is the 1.2048-1.2055 price range, where the premium level of the hedger resistance zone and the limit seller is located.
💡 The main scenario for Wednesday, May 5, is a successful test of the mentioned resistance and subsequent decline to the close of the day with the target,- balance of the week (1.2000).
Trade active:
🔹 EURUSD: The balance of the week is dynamically decreasing. 🔥 The balance of the week has partially declined over the past 24 hours, from a quote of 1.200 to a price point of 1.1992.
The nearest resistance level for today is the 1.2038-1.2046 range, where the premium level of the hedge zone and the limit seller is located.
♻️ In case of corrective increase to the mentioned resistance area, we expect the occurrence of the pattern of selling and subsequent decrease with the ultimate target to close the day, which is the limit buyer (1.1960).
Trade active:
🔰 EURUSD: Sellers are stealthily picking up selling. 👉 The nearest resistance level for today is the weekly hedge resistance zone premium level (1.2073).
In case of breakdown and fixation above the mentioned price level, we expect a further rise with the limit seller (1.2098) as a target.
✍️ In case of a successful test of the limit seller level (1.2098), we expect formation of a pattern to sell and subsequent decrease with the target,- balance of the day (1.2042).
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