Session Snapshot
- Open: 1.16450
- High: 1.16780
- Low: 1.16420
- Close: 1.16670
- MCM State: Ranging with upward bias
- Volume Context: Low (Asian session for EUR pairs)
- News Catalyst: Eurozone Sentix Investor Confidence beat (-1.8 vs -5.1 expected) supporting euro; USD weakness primary driver
Fundamental Drivers
EUR gaining on broad USD weakness (DXY -0.35%) and improving Eurozone sentiment. Sentix Investor Confidence jumped to -1.8 from -6.2, signaling economic stabilization. Low Asian session volume limits directional moves, but underlying bullish structure intact as EUR up 13.99% over past year.
News Risk Assessment
- Event Risk: None
- Impact: Asian session clear of EUR-specific catalysts
- Action: Range-bound trading expected; watch for breakout preparation ahead of London open
Supply/Demand Zones
Demand Zones
| Zone | Range | Status | Strength |
|---|---|---|---|
| D1 | 1.16200-1.16350 | Fresh | Strong |
| D2 | 1.15800-1.15950 | Tested | Moderate |
| D3 | 1.15400-1.15550 | Fresh | Strong |
Supply Zones
| Zone | Range | Status | Strength |
|---|---|---|---|
| S1 | 1.17000-1.17150 | Fresh | Strong |
| S2 | 1.17500-1.17650 | Tested | Moderate |
| S3 | 1.18000-1.18150 | Fresh | Very Strong |
Support/Resistance Matrix
| Level | Type | Price | Strength | Distance |
|---|---|---|---|---|
| R3 | Psychological | 1.18000 | Very Strong | +1.1% |
| R2 | Supply Zone | 1.17500 | Strong | +0.7% |
| R1 | Immediate | 1.17000 | Strong | +0.3% |
| Current | - | 1.16670 | - | - |
| S1 | Intraday Low | 1.16420 | Moderate | -0.2% |
| S2 | Demand Zone | 1.16200 | Strong | -0.4% |
| S3 | Major Support | 1.15800 | Strong | -0.7% |
Liquidity Hunt Map
- Buy-Stop Clusters: Above 1.17000 (psychological resistance)
- Sell-Stop Clusters: Below 1.16200 (demand zone), below 1.16000 (round number)
- Recent Sweeps: None during low-volume Asian session
- Next Target: Possible hunt to 1.17050 to sweep buy-stops before London session positioning
Fear Factor Meter
FEAR [π΄π΄π π π‘π’π’βͺβͺβͺ] GREED
β²
Score: 6/10 β Cautiously Bullish
Inputs: DXY=98.89 (weak), Eurozone sentiment improving, low volume limiting conviction
Directional Bias
- Bias: Long
- Confidence: Moderate
- Rationale: USD weakness favoring EUR gains, but low Asian session volume reduces reliability. Fresh demand at 1.16200-1.16350 likely to hold. Breakout above 1.17000 probable during London session with higher volume.
Action Zones
| Setup | Entry | Trigger | TP1 | TP2 | SL |
|-------|-------|---------|-----|-----|----||
| π’ Long | 1.16200-1.16350 | Bullish rejection from D1 | 1.16700 | 1.17050 | 1.16100 |
| π’ Long | 1.16450-1.16550 | Break above 1.16550 with volume | 1.16900 | 1.17150 | 1.16350 |
| π΄ Short | 1.17000-1.17100 | Bearish rejection at resistance | 1.16650 | 1.16300 | 1.17200 |
Momentum View
"Ranging structure with upward bias during low-volume Asian session favors longs from 1.16200 demand, likely consolidating before London breakout attempt. IF EUR sentiment data continues improving β probable test of 1.17000-1.17500 supply. Low conviction trades due to thin liquidity; risk-reward favors waiting for London volume."