EURUSD Daily Analysis 03/05/2025

Technical analysis

1. Overview of Momentum and Market Structure

• Previous Day: Bullish

• Current Bias: Bullish

• Range: 1.0470 – 1.0636

• Expectations: Price is expected to rise, targeting key liquidity zones and fair value gaps (FVGs)..

Trading Plan

Bullish Bias

Strategy:
Look for long positions at key demand and liquidity levels:

• Buy Levels:

  • 1.0559 (SR Level - Key Support & Retest Zone)

  • 1.0543 (H1 FVG - Institutional Buying Area & Liquidity Grab Zone)

  • 1.0498 (H1 Liquidity - Stop Hunt & Potential Bounce Area)

Primary Targets:

• 1.0636 (Extreme Liquidity - First Major Upside Target)

• 1.0682 (Weekly FVG - Institutional Resistance & Take Profit Zone)

• 1.0760 (Monthly FVG - Strong Supply Area & Higher Timeframe Target)

For Short Positions

Strategy:

• Look for sell opportunities at key resistance levels for potential pullbacks:

  • 1.0682 (Weekly FVG - Key Supply & Reversal Zone)

  • 1.0760 (Monthly FVG - Strong Resistance & Institutional Distribution Area)

Sell Targets:

• 1.0636 (First Downside Target Before Possible Drop)

• 1.0559 (SR Level - Re-entry Zone for Long Positions)

• 1.0543 (H1 FVG - Strong Demand & Buy Area)

• 1.0498 (H1 Liquidity - Major Liquidity Grab for Bullish Continuation)

Summary

• Bullish sentiment with buy setups at 1.0559, 1.0543, and 1.0498, targeting 1.0636, 1.0682, and 1.0760.

• Sell opportunities at 1.0682 and 1.0760, targeting 1.0636, 1.0559, and 1.0543.

• Monitor price action at key FVGs and liquidity levels before entering trades.