EURUSD. Daily Timeframe Analysis

Hey traders and investors!

The price has formed a sideways range.
Sideways Range Boundaries:
• Upper boundary: 1.06300 USD.
• Lower boundary: 1.03319 USD.

Movement Vectors in the Range
The beginning of the last seller's sub-impulse (within the seller's impulse 4-5 in the range) is marked at 1.04584, which is near the 50% level (1.04271) of the last seller's impulse (vector 4-5 in the range).
Buyers showed strength near the lower boundary, forming a buyer's zone (green rectangle on the chart), which may serve as support for further upward movement. The current buyer's vector is 5-6, with a potential target of 1.06098.

Volume Analysis
An increase in volumes is visible on the chart on January 24 and 27, 2025. The high volume at this level indicates active participation from both buyers and sellers. Special attention should be paid to the concentration of volumes on January 27 and 24 in the upper parts of the bars (blue line on the chart), which are above 1.04584. Currently, the seller has pushed the price back below 1.04584 (the beginning of the last seller's sub-impulse). This means that the volumes of the previous two days remain above. It looks like a level manipulation (false breakout).

Key Trading Levels
Buying Opportunities:
• Look for buying patterns around 1.03319 (lower boundary).
• A breakout above 1.05333 could open the way to 1.06098.

Selling Opportunities:
• Sellers may defend the 1.04584 level - look for selling patterns near this level. Potential targets - 1.03417, 1.03120 (monitor the reaction at 1.04116).


The hourly timeframe can be used to identify entry points.



I wish you profitable trades!