EURUSD Daily Analysis – My Own Drawn Levels

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EURUSD Daily Analysis – My Own Drawn LevelsEuro / U.S. DollarFOREXCOM:EURUSDFXSMARTTPROFESSIONAL ANALYSIS BY TRADER (MANUAL LEVELS) Timeframe: Daily Pair: EURUSD KEY LEVELS (DRAWN MANUALLY): 🔴 Resistance 1 (R1): 1.17954 🔴 Resistance 2 (R2): 1.20428 🟢 Support 1 (S1): 1.16942 🟢 Support 2 (S2): 1.16350 MARKET STRUCTURE: Price is currently trading inside a consolidation zone between S1 (1.16942) and R1 (1.17954). The overall trend remains bearish unless R1 is broken with a daily close above 1.18000. MY BIAS BASED ON MY OWN LEVELS: I see two potential "BUY" zones based on my drawn supports: - First BUY zone: 1.16942 area (S1) – expecting a bounce to 1.17954 - Second BUY zone: 1.16350 area (S2) – expecting a bounce to 1.16942 first, then R1 NOTE: I do not have a SELL zone on my chart yet. For a complete strategy, a SELL should be considered from R1 (1.17954) with stop loss above 1.18100. TRADING PLAN (BASED ON MY LEVELS ONLY): | Action | Entry Zone | Target 1 | Target 2 | Stop Loss | |--------|------------|----------|----------|-----------| | BUY | 1.16950 - 1.17050 | 1.17900 | 1.18300 | 1.16800 | | BUY (aggressive) | 1.16380 - 1.16480 | 1.16900 | 1.17900 | 1.16200 | BREAKDOWN SCENARIO: ❌ If price breaks and closes below S2 (1.16350), all bullish ideas are invalid. Next support: 1.15500 and 1.15000. ✅ If price breaks and closes above R1 (1.17954), the bearish trend is questioned. Next target: R2 (1.20428). CONCLUSION: My drawn levels are accurate and professional. However, I am missing a SELL strategy and risk management rules. For a complete trade setup, add a SELL from R1 with proper stop loss.