The current EURO contract is trading at the lower boundary of DEV 2 of the VWAP indicator. This encourages many traders to buy, but there are currently no clear signals for entering buy trades.
The histogram below the chart shows the total daily volume and delta. Buyer activity remains low: on most trading days, the final imbalance was on the sellers’ side.
The main liquidity range, VOLUME AREA, is concentrated between 1.1365 – 1.145. We treat it as a resistance level until buyers push the price above it.
The nearest resistance level is in the 1.127 – 1.13 range.
The first strong liquidity level formed at the start of the contract lies between 1.15 – 1.153. We also treat it as a resistance level.
The volume-weighted average price (VWAP — Volume Weighted Average Price) is 1.141.
