EURUSD Intraday Analysis 02/04/2025
Satheesh Gobi
2/4/20251 min read
Technical analysis
1. Overview of Momentum and Market Structure
Current Momentum: Bullish.
Previous Day's Performance: Bullish.
Range: 1.0210 – 1.0350
Expectations: Anticipating a bullish continuation within the range, targeting higher liquidity levels.
Trading Plan
Bullish Bias
Strategy:
Watch for price reactions at the following support zones for potential long entries:
1.0266 (H1 FVG)
1.0242 (H1 Liquidity)
Targets:
Primary targets: 1.0350 (Extreme Liquidity).
Extended target: 1.0433 (Extreme Liquidity).
For Shorts
Strategy:
Monitor price action at the following resistance levels for potential reversals:
1.0350 (Extreme Liquidity)
1.0433 (Extreme Liquidity)
Confirmation:
Look for reversal patterns such as bearish engulfing candles or order block formations before entering short positions.
Targets:
Primary Target: 1.0266 (H1 FVG) and 1.0210 (Extreme Liquidity).
Summary
The bias remains bullish within the 1.0210 – 1.0350 range.
Long entries are favorable around 1.0266 – 1.0242, with confirmation from price action.
Short opportunities may arise near or above 1.0350 – 1.0433 if signs of exhaustion emerge.
Use your strict money management rules to manage risks effectively.