Euro / U.S. Dollar

Hello Dear Traders
Euro Analysis
Based on the DXY analysis, which is bullish, I present to you the updated analysis for the Euro. I have identified the suitable selling area on the 1-hour timeframe. We are in a downward structure on the 4-hour timeframe, while the minor 1-hour chart is bullish. By obtaining confirmation from the 1-hour chart—validated by breaking the CHoCH—we can utilize this area of the Secret Order Block (1H) for entering a sell position.

Again, in the selling area, a 5-minute confirmation can help us optimize our entry into the trade.

First Support: 1.04494
1-Hour Liquidity: 1.03731
Potential Suitable Buying Area: 1.02720, which I will update once the price reaches this level.

Thank you for your support and companionship, dear friends.
Wishing you all success!
Fereydoon Bahrami
A retail trader in the Wall Street Trading Centre (Forex)

Risk Disclosure:

Trading in the Forex market is risky due to high price volatility. This analysis is solely my personal opinion and should not be considered financial advice. Please do your own research. You are responsible for any profits or losses resulting from this analysis.