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