EURUSD Intraday Analysis 02/10/2025

Technical analysis

1. Overview of Momentum and Market Structure

• Current Momentum: Bearish.
  Previous Day's Performance: Bearish.
  Range: 1.0410 – 1.0304
  Expectations: Anticipating a bearish move within the range, targeting lower liquidity levels.

Trading Plan

Bullish Bias

Strategy:
Watch for price reactions at the following support levels for potential long entries:

• 1.0271 (H4 Liquidity).

• 1.0263 (Extension).

• 1.0238 (Extension).

Targets:

• Primary targets: 1.0360 (H1 Liquidity).

• Extended target: 1.0410 (Extreme Liquidity).

For Shorts

Strategy:
Monitor price action at the following resistance levels for potential reversals:

• 1.0360 (H1 Liquidity).

• 1.0369(M30 FVG).

• 1.0388 (H1 Liquidity).

Confirmation:
Look for reversal patterns such as bearish engulfing candles or order block formations in lower time frame (M15/M30) before entering short positions.

Targets:

• Primary Target: 1.0304 (Extreme Liquidity) and 1.0271 (H4 Liquidity).

• Extended Target: 1.0263, 1.0238 (Extensions).

Summary

• The bias remains bearish within the 1.0410 – 1.0304 range.

• Short entries are favorable around 1.0360 – 1.0388 with confirmation from price action.

• Long opportunities may arise near or below 1.0271 – 1.0238 if signs of exhaustion emerge.

• Use your strict money management rules to manage risks effectively.