EURUSD Daily Analysis 02/17/2025

Technical analysis

1. Overview of Momentum and Market Structure

• Current Momentum: Bullish.
  Previous Day's Performance: Bullish.
  Range: 1.0446 – 1.0513

• Expectations: Price is expected to move upward toward liquidity zones before potential selling pressure emerges.

Trading Plan

Bullish Bias

Strategy:

Look for long opportunities from key liquidity levels:

• 1.0456 (H1 Liquidity)

• 1.0467 (Daily FVG)

• 1.0474 (H1 FVG)

Primary Targets:

• 1.0513 (Extreme Liquidity - Range High)

• 1.0532 (Daily Liquidity)

For Short Positions

Strategy:

If price reaches major liquidity areas and forms a bearish rejection, consider sell setups:

• 1.0532 (Daily Liquidity)

• 1.0629 (Daily Liquidity)

Sell Targets:

• 1.0513 (Extreme Liquidity)

• 1.0474 (H1 FVG)

• 1.0467 (Daily FVG)

• 1.0456 (H1 Liquidity)

• 1.0446 (Key Support Level)

Summary

• Bullish bias remains valid above 1.0446, with upside targets at 1.0513 – 1.0532.

• Potential sell opportunities exist at 1.0532 (Daily Liquidity) and 1.0629 (Daily Liquidity) if a reversal occurs.

• A clean break below 1.0446 could shift the bias to bearish.

• Monitor price action for confirmation of bullish continuation or rejection at resistance levels.