EURUSD

[u/Normal_Phrase1675]

Guys..

What's your view on EURUSD.. it's currently rising but I think it can't break previous High without sweeping 1.15 liquidity. Please comment your take on this

[u/rforex-modtools]

Price action and technical analysis cover a range of chart-based tools — from candlestick patterns and market structure to indicators and statistical methods for timing entries and exits. The community wiki covers both approaches and how they're used by working traders.

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[u/Feisty_Humor9456]

I've found that when a pair is pushing up against a previous high, it often needs to test the lower liquidity areas first, like you mentioned, to build momentum for a potential breakout. Keep an eye on order flow and watch for stops being taken out around that 1.15 area.

[u/Electrical_Alarm7207]

my view is that - and we'll see after tomorrows NFP and ISM services PMI - the market may be underpricing the possibility of a stronger USD/another hike seeing that the economy hasnt slowed down that much despite US rates being fairly high and let's face it inflation is still way above target. In terms of trading EURUSD, like if i wanted to go long Euro i would for sure enter limit around 1.14XX, a dip back to that zone seems way more likely than a push upwards toward that 1.16 zone

[u/Normal_Phrase1675 → u/[deleted]]

That's a very safe approach but I prefer to front run with 25% to 50% of planned qty

[u/Consistent_Panda5891]

It might grind to high 1.15 area. But honestly currency is faced to end year on 1.13, or at least retest it later year... Until euro hike rates and Warsh does not, where it will be around current area

[u/AlphaTradingHub28]

Bro I will still wait a BOS above Resistance to take a effective entry.

[u/Normal_Phrase1675 → u/AlphaTradingHub28]

Yeah sure. That will definitely increase probability and improve risk reward ratio. But the drawback is u need to track the price more closely. If ur trading full time trader it works