U.S. DOLLAR / EURO REFERENCE RATE

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U.S. DOLLAR / EURO REFERENCE RATE forum


EURUSD i'll focus on sell for EU, n wait for reaction down there.
Snapshot

EURUSD EURUSD has maintained a mixed environment recently, with alternating bullish and bearish phases as the market balances between European monetary policy expectations and U.S. dollar strength. While the dollar has shown resilience, recent Eurozone data has provided intermittent bullish corrections, creating a choppy but instructive price structure.






EURUSD Buy Signal (30M)

Entry (Buy Limit): 1.1655 – 1.1650 (Demand Zone retest)

Stop Loss (SL): 1.1630 (below demand zone support)

Take Profit (TP): 1.1737 (Target Point resistance)

🔑 Strategy Used:

Demand Zone Strategy: Entering at demand support where buyers previously stepped in.

EMA Confluence: 70 EMA providing dynamic support.

Breakout Retest: Price broke out of the descending channel, now likely to retest before moving up.

Risk/Reward Ratio: ~1:4 (good setup).


⚠️ Note: If price rejects resistance before reaching demand, wait for a confirmed breakout retest above 1.1680 for continuation toward target.
Snapshot