Euro FX Futures Today ...Middle East

The Euro Futures (6E March 2025) are currently trading at 1.03145, rising from yesterday’s low near 1.02565, which is today’s Value Area Low (VAL) and remains a naked level. Below is a detailed breakdown of key levels and examples of how traders can use these levels as part of their decision-making process.

Bearish Levels to Watch

1.02565: Yesterday’s Value Area Low (VAL), a naked level and a key support zone for today. If price revisits this level, watch for potential reactions or a bearish continuation.1.02835: Yesterday’s Point of Control (POC), another naked level and an important price magnet where reactions could occur.

1.03329: Yesterday’s VWAP, which price nearly tested (high of 1.03320) before reversing. This slight miss hints at bearish undertones, though not conclusively.1.03515: A significant node where price could encounter resistance.1.03555: Yesterday’s Value Area High (VAH), a critical level to watch for bullish momentum or reversals.

Day Trading Outlook for Euro Futures

Example Trade Scenario Using Key Levels

Scenario: Price rises to yesterday’s Value Area High (1.03555) and pierces it slightly before crossing back into the value area.Entry: A short position is taken as price crosses back below 1.03555.Profit-Taking Plan:Partial Profit 1: At today’s developing VWAP (currently 1.03125).Partial Profit 2: Near yesterday’s VWAP (1.03329) or just above it.Partial Profit 3: At yesterday’s POC (1.02835).Final Exit: At yesterday’s VAL (1.02565) or slightly above.

This approach uses key levels to structure the trade while incorporating partial profit-taking to mitigate risk.

Above 1.03555: A break above yesterday’s VAH signals bullish momentum, with resistance likely at 1.03515 and 1.03555.Below 1.03329: Remaining below yesterday’s VWAP increases bearish bias, with targets at 1.02835 (yesterday’s POC) and 1.02565 (yesterday’s VAL).Neutral Zone: Price between 1.03125 (today’s developing VWAP) and 1.03329 (yesterday’s VWAP) indicates range-bound trading.

Always use stops, structure trades with proper risk management, and adapt your approach based on market conditions. Visit ForexLive.com for additional insights and perspectives.

This article was written by Itai Levitan at www.forexlive.com.

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