EUR/USD Longs from daily level of demand 1.10000

1 ก.ย.My analysis for this week aligns well with both DXY and GBP/USD, as the dollar is approaching a major supply level. When the price reaches that supply zone, I expect EUR/USD (EU) to mitigate its daily supply, potentially forming a Wyckoff accumulation pattern. Once this pattern is completed, I plan to look for buying opportunities, potentially holding positions at an intraday level.

If the price retraces upward before mitigating the demand, I will consider selling from the supply zones I've marked, which are near the current price. Specifically, I will watch the 7-hour and 10-hour supply zones for potential short-term sell setups.

Confluences for EU buy opportunities include:

- The higher time frame trend is bullish, with a recent break of structure to the upside.

- A daily demand zone has been established, which also caused a break of structure to the upside.

- There is significant liquidity to the upside, including untouched Asian session highs.

- This trade setup aligns with the higher time frame trend, making it a pro-trend trade idea.

P.S. As it is NFP week, be cautious of increased volatility due to economic news later in the week. Stay vigilant and TRADE SAFELY!