FX.co ★ EUR/USD

On Friday, I initially expected the sellers of the Euro to push prices down and update the current maximum of 1.03323. However, buyers were able to step in with strong upward momentum, and now the key question is whether the sellers can regroup and break the recent minimum. To do so, they will need to break through and consolidate above the level of 1.03420. If they succeed in consolidating below the minimum, the first target for the continuation of the decline would be 1.02892. On the other hand, buyers managed to break through the 1.04215 level during their upward movement. If they can maintain a consolidation above this level on Monday, we could expect further growth, with the next target at 1.05119. Looking at the EURUSD M30 chart, there are a few key points to consider. Firstly, on Friday, I predicted an entry point for buying the Euro at 1.03717. The price broke through this level with strength and reached the first target at 1.04189. Secondly, when analyzing the price action using the bands, the price has now settled in the middle of the bands, which are beginning to fold inward. To get a reliable signal for the direction of price movement, I would need to wait for the price to approach one of the bands and then observe whether the bands open outward or remain static.

Additionally, the VSA indicator is showing weakening in the positive area, which suggests a potential for price decline. If the indicator crosses zero and shows strong acceleration in the negative zone on Monday, this would provide a stronger signal for the bearish continuation. Regarding potential entry points, I would consider entering purchases if the price reaches 1.04534, and with an active breakout and consolidation above this level, we could expect the price to move towards 1.04933 and 1.05247. On the flip side, sales could be considered at 1.04189, with the price potentially falling to 1.03717 and 1.03534.