Forex_Times

✍️ EURUSD: how long will the decline last on March 22-26?

OANDA:EURUSD   Euro / U.S. Dollar
🎯 The overweight of buyers decreased again, this time by 14%.
Market size has also decreased according to CoT reports - CME reduced the capitalization of euro derivatives by 11% compared to a week ago.
📉 As a result, we expect a unidirectional movement, as the number of locked positions decreased by 3%.
The nearest important resistance is the new week's balance at 1.1943.
In case of a successful test of the specified option resistance, we expect a decline to the market maker's loss level (1.1843).
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Trade active:
👉 EURUSD: will there be a breakout of the week's balance? ⚠️ The closest support level on the second working day is the level of limit buyers (1.1902).
In case of a successful test of the specified intraday option support, we expect an increase to the level of the highest net profit of the market maker (1.1947).
📌 The ultimate goal of growth today is the level of limit buyers (1.1968).
Trade active:
⚠️ EURUSD: entered the market maker's loss zone 💡 The closest support level for today will be the level of the option balance of the day (1.1816).
In case of a successful test of the indicated support, we expect an increase to the level of the market maker's loss (1.1850).
❌ In case of breakdown and consolidation above the indicated resistance, we expect growth to the limit seller (1.1881).
Trade active:
📝 EURUSD: the market maker expects a return to the comfort zone 📌 The closest support level for today is the option level 1.1814.
💠 The main scenario for Thursday, March 25, is an increase to the balance of the day (1.1830).
In case of breakdown and consolidation above, the maximum growth target for today is the market maker's loss level (1.1841).
Trade active:
📌 EURUSD: hedge zone paused decline 📝 The nearest support level for today is the level of the weekly hedgers support area premium (1.1764).
The main scenario for the last working day of the current trading week is the rebound from the price level of 1.1764 and the subsequent rise to the limit seller (1.1796).
💡 The ultimate upside target according to the expectations of the seller of the nearest to expiration weekly option contracts is the market maker's loss level (1.1850).
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