Search
  • Vasily Trader

EURUSD: Daily Time Frame Analysis & Key Levels (Structure Analysis)



hey traders,


due to uncertainty with elections, it is quite hard to find a decent trading opportunity.

the instruments are quite volatile and chaotic at the moment so I am waiting until it settles.


On ⚠️eurusd after a bounce from the current structure low, the price is currently attempting to break above a major falling trend line that served as the resistance.


depending on the reaction of the market on that,

here are the key daily levels to consider:


Support 1 - 1.16 - 1.162 current daily structure low


Resistance 1 - 1.185 - 1.187 last daily lower high

Resistance 2 - 1.195 - 1.20


remember that if daily candle closes above the trend line , if it serve us support.


key levels are used as goals for our trades and as points from where we open them!

1 view