Forex_Times

✍️ EURUSD: trading ideas for September 27 - October 1.

Short
OANDA:EURUSD   Euro / U.S. Dollar
Buyers' net outperformance has decreased by 37%, indicating a continued bearish move on the day.
🌐 Overall market volume increased by 2%, indicating that institutional investors continue to reduce bullish positions.
A 1% increase in locked-in investor positions on new CoT report data confirms the assumption of a flattening of the asset's price corridor on the daily timeframe next week.
⚠️ An important resistance level is the market maker's loss level located at 1.1801.
In case this resistance level is reached, we expect formation of a sell pattern and subsequent decline with the nearest target being the market maker's balance level (1.1701).
In case of fixation below the mentioned level, we expect the subsequent decrease to the level of the minimum net profit of the marketmaker (1.1631).
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Trade active:
📊 EURUSD: limit seller as potential resistance. 🔥 The nearest resistance level for today is the limit seller (1.1753).
The main scenario for today is the successful test of the mentioned resistance and the subsequent decrease with the target, the limit buyer (1.1696).
⏳ In case of penetration and fixation below the specified support the subsequent target point of decrease is the premium level of hedge support zone (1.1679).
A $50m upside position gain further strengthens it.
Trade active:
✍️ EURUSD: Terminating the hedgerow zone. 🌐 The nearest resistance level for today is the balance of the day (1.1717).
The main scenario for today is a successful test of this resistance and the subsequent decline with the target, the balance of the week (1.1676).
👉 In case of breakdown and fixation below the price level of 1.1676 the final target of the downside before the weekly close is the loss of the market maker (1.1607).
Trade active:
✍️ EURUSD: will there be a market maker balance retest? 📌 Based on the trading results on Wednesday, September 29, we have consolidated below the market maker balance level (1.1620).
In case of successful test of market maker balance level (1.1620) we expect downside with targets: limit buyer (11578) and market maker loss (1.1550).
A $42m upside position gain further strengthens the market maker's loss level.
Trade active:
The nearest support for today is the limit buyer level (1.1571).
💡 In case of formation of the buy pattern near the price level of 1.1571, expect a corrective rise to the market maker's minimum profitability level (1.1605).
📌 In case of break and fixation above the price level of 1.1605 the far target of the rise is the balance of the week (1.1675).
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