{"id":2891,"date":"2024-04-15T17:04:45","date_gmt":"2024-04-15T17:04:45","guid":{"rendered":"https:\/\/blog.lmitrade.com\/?p=2891"},"modified":"2024-04-15T17:05:33","modified_gmt":"2024-04-15T17:05:33","slug":"euro-volume-analysis-key-levels","status":"publish","type":"post","link":"https:\/\/blog.lmitrade.com\/en\/2024\/04\/15\/euro-volume-analysis-key-levels\/","title":{"rendered":"EURO: Volume Analysis &#038; Key Levels"},"content":{"rendered":"<p><span style=\"font-weight: 400;\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-2892 size-full\" src=\"https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/04\/EURO-2.png?resize=960%2C540&#038;ssl=1\" alt=\"\" width=\"960\" height=\"540\" srcset=\"https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/04\/EURO-2.png?w=2560&amp;ssl=1 2560w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/04\/EURO-2.png?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/04\/EURO-2.png?resize=1024%2C576&amp;ssl=1 1024w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/04\/EURO-2.png?resize=768%2C432&amp;ssl=1 768w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/04\/EURO-2.png?resize=1536%2C864&amp;ssl=1 1536w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/04\/EURO-2.png?resize=2048%2C1152&amp;ssl=1 2048w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/04\/EURO-2.png?resize=1140%2C641&amp;ssl=1 1140w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/04\/EURO-2.png?w=1920&amp;ssl=1 1920w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/>This analytical review is not like any other you may have read before.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here you will not find answers as to why the market went up or down.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All we need is the data from the stock exchange on the volume of trades at each price.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Simply put, we analyze which prices traders are interested in, which trend is being supported by players and which prices are being used to make large trades.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ahead is a chart of the <\/span><b>EURO FX futures<\/b><span style=\"font-weight: 400;\"> contract, or <\/span><b>EUR\/USD<\/b><span style=\"font-weight: 400;\"> if you prefer. <\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Time frame &#8211; Day.\u00a0<\/b><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Period &#8211; 12\/01 &#8211; 15\/04\/2024<\/b><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Type of chart &#8211; volume profile.\u00a0<\/b><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Bottom and left histograms &#8211; Volume &amp; Delta.<\/b><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Red &amp; green circles &#8211; large trades over 200 contracts. <\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The current contract continues its downward trend.\u00a0<\/span><\/p>\n<p><b>Sellers<\/b><span style=\"font-weight: 400;\"> have continued to dominate over the past week.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Strong pressure from their side allowed the range to extend below the March low of <\/span><span style=\"font-weight: 400;\">1.07<\/span><span style=\"font-weight: 400;\">.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The fall from <\/span><b>1.09 to 1.065<\/b><span style=\"font-weight: 400;\"> was accompanied by increased trading volume.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The trading sessions of the <\/span><b>10th, 11th and 12th of April <\/b><span style=\"font-weight: 400;\">are the <\/span><span style=\"font-weight: 400;\">most liquid <\/span><span style=\"font-weight: 400;\">in the current contract.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The total volume traded was <\/span><b>787k<\/b><span style=\"font-weight: 400;\"> contracts.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter wp-image-2895 size-full\" src=\"https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/04\/EURO-3-week.png?resize=960%2C540&#038;ssl=1\" alt=\"\" width=\"960\" height=\"540\" srcset=\"https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/04\/EURO-3-week.png?w=2560&amp;ssl=1 2560w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/04\/EURO-3-week.png?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/04\/EURO-3-week.png?resize=1024%2C576&amp;ssl=1 1024w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/04\/EURO-3-week.png?resize=768%2C432&amp;ssl=1 768w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/04\/EURO-3-week.png?resize=1536%2C864&amp;ssl=1 1536w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/04\/EURO-3-week.png?resize=2048%2C1152&amp;ssl=1 2048w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/04\/EURO-3-week.png?resize=1140%2C641&amp;ssl=1 1140w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/04\/EURO-3-week.png?w=1920&amp;ssl=1 1920w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Last week&#8217;s volume levels are marked on the <\/span><b>second slide.<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The range of last week&#8217;s volume core is <\/span><b>1.086 &#8211; 1.091<\/b><span style=\"font-weight: 400;\"> (marked on the slide).<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The second volume cluster is in the range of <\/span><b>1.075 &#8211; 1.07825<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the moment both these areas should be considered as <\/span><b>volume resistance levels<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These areas have also seen heavy selling &#8211; they are marked with red circles on the chart.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The third area of volume activity <\/span><b>1.0665 &#8211; 1.0685<\/b><span style=\"font-weight: 400;\"> is the weakest in terms of volume activity.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this case, it is worth considering that after such volatility, some traders will be taking profits on Friday.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Bottom line<\/b><\/h2>\n<hr \/>\n<p><span style=\"font-weight: 400;\">The sharp drop and the widening of the<\/span><strong> price range by sellers to the 1.065<\/strong><span style=\"font-weight: 400;\"> level took place on the<\/span><strong> increased liquidity<\/strong><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There was a lot of selling activity. The 1.075-1.078 area is currently an <\/span><strong>important volume resistance level<\/strong><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><strong>If sellers<\/strong><span style=\"font-weight: 400;\"> maintain price control and do not allow the rate to return above this range &#8211; the downward trend will continue in the near future. One of the <\/span><strong>major factors<\/strong><span style=\"font-weight: 400;\"> that may influence traders&#8217; activity is this week&#8217;s <\/span><strong>EU summit<\/strong><span style=\"font-weight: 400;\"><strong>.<\/strong>\u00a0<\/span><\/p>\n<p><strong>Financial risks<\/strong><span style=\"font-weight: 400;\"> related to Iran&#8217;s attack on Israel and Russia&#8217;s attack on Ukraine should also be added to the mix.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This analytical review is not like any other you may have read before.\u00a0 Here you will not find answers as to why the market went up or down.\u00a0 All we need is the data from the stock exchange on the volume of trades at each price. Simply put, we analyze which prices traders are interested in, which trend is being supported by players and which prices are being used to make large trades.\u00a0 Ahead is a chart of the EURO FX futures contract, or EUR\/USD if you prefer. Time frame &#8211; Day.\u00a0 Period &#8211; 12\/01 &#8211; 15\/04\/2024 Type of chart &#8211; volume profile.\u00a0 Bottom and left histograms &#8211; Volume &amp; Delta. Red &amp; green circles &#8211; large trades over 200 contracts. The current contract continues its downward trend.\u00a0 Sellers have continued to dominate over the past week.\u00a0 Strong pressure from their side allowed the range to extend below the March low of 1.07.\u00a0\u00a0 The fall from 1.09 to 1.065 was accompanied by increased trading volume.\u00a0 The trading sessions of the 10th, 11th and 12th of April are the most liquid in the current contract.\u00a0 The total volume traded was 787k contracts.\u00a0 Last week&#8217;s volume levels are marked on the second slide.\u00a0 The range of last week&#8217;s volume core is 1.086 &#8211; 1.091 (marked on the slide). &nbsp; The second volume cluster is in the range of 1.075 &#8211; 1.07825.\u00a0 At the moment both these areas should be considered as volume resistance levels.\u00a0 These areas have also seen heavy selling &#8211; they are marked with red circles on the chart.\u00a0 &nbsp; The third area of volume activity 1.0665 &#8211; 1.0685 is the weakest in terms of volume activity.\u00a0 In this case, it is worth considering that after such volatility, some traders will be taking profits on Friday.\u00a0 &nbsp; Bottom line The sharp drop and the widening of the price range by sellers to the 1.065 level took place on the increased liquidity.\u00a0 There was a lot of selling activity. The 1.075-1.078 area is currently an important volume resistance level.\u00a0 If sellers maintain price control and do not allow the rate to return above this range &#8211; the downward trend will continue in the near future. One of the major factors that may influence traders&#8217; activity is this week&#8217;s EU summit.\u00a0 Financial risks related to Iran&#8217;s attack on Israel and Russia&#8217;s attack on Ukraine should also be added to the mix.\u00a0<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39,7,2],"tags":[145,119,146,77,90,147],"class_list":["post-2891","post","type-post","status-publish","format-standard","hentry","category-analytics","category-tips-tricks","category-volfix","tag-analytics","tag-article","tag-lemach","tag-tips","tag-volfix-en","tag-volfix-academy"],"aioseo_notices":[],"jetpack_featured_media_url":"","acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/posts\/2891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/comments?post=2891"}],"version-history":[{"count":5,"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/posts\/2891\/revisions"}],"predecessor-version":[{"id":2902,"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/posts\/2891\/revisions\/2902"}],"wp:attachment":[{"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/media?parent=2891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/categories?post=2891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/tags?post=2891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}