FX.co ★ hickle.manuela | Comprehensive Analysis in Trading: Mastering Methodologies

EUR/USD

Hello traders, In the evening, discussing trading assets is not as relevant, as the situation can change drastically by morning. Nevertheless, it's interesting to look at the current situation and consider possible perspectives. Let's start with the US Dollar Index, which is currently showing growth and has good prospects. The target level is the opposite liquidity of the FVG H4 period. If the index continues to rise, then the EUR/USD pair, considering its mirror correlation, is likely to go down. The potential downside for EUR/USD could reach the swing low of 1.1555, as the upper liquidity has already been removed. The current candle may form a daily FVG, which could act as a support/resistance area. If a reversal pattern forms within this area, a buy opportunity may arise. However, the final decision will be made tomorrow based on a combination of factors, including the daily FVG and the four-hour CPZ. With a daily FVG signaling a buy, the CPZ on the H4 may indicate a sell, creating a conflict of interests. In such a situation, it's better to wait until the price determines a direction, and only then start trading. At the moment, it's too risky. We await the day's close for a more precise analysis.