Weekly Outlook: EURUSD, GBPUSD, and DXY (Feb 23, 2025)

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Welcome back to another weekly outlook!

In this blog, I’ll be breaking down the key levels and trade setups I’m watching for EUR/USD, GBP/USD, and the DXY (U.S. Dollar Index). Whether you’re a seasoned trader or just starting out, this analysis will help you navigate the markets with confidence.

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Now, let’s get into the analysis!

EUR/USD: Ranging with Bullish Potential

The EUR/USD is currently stuck in a range between the daily protected high and the daily targeted low. 

Last week, we saw the price break structure to the downside, pull back to the 78.6% level, and then reverse. This leaves us in a consolidation phase, but there are still trading opportunities.

Key Levels:

• Support: Daily demand zone and 50% retracement level of the fractal structure.

• Resistance: Daily protected high and supply zones.

Trade Idea:

The fractal structure is bullish, and we’ve broken to the upside, which typically signals a retracement (Phase B move) before continuation (Phase C move).

I’m looking for a pullback to the 50% level of the fractal structure, where I’ll consider buying into the micro bullish trend. 

The target would be the daily supply zone, followed by a potential sell-off to the downside.

GBP/USD: Bullish Momentum with Retracement Potential

The GBP/USD has been performing well, with price reaching the refined daily supply level as expected. Now, I’m anticipating a retracement to the 50% level, where we have an unmitigated daily demand zone.

Key Levels:

• Support: 50% retracement level and daily demand zone.

• Resistance: Daily supply zone and recent highs.

Trade Idea:

The daily and 4-hour swing structures are bullish, and the internal structure is aligned. I’m looking to buy from the 4-hour demand zone, targeting the upside. 

However, I’d consider these buys riskier compared to selling opportunities, as we’ve already tapped into the daily supply level. On the 1-hour chart, I’ve marked refined zones for potential entries, targeting at least 78 pips to the upside.

DXY: Bullish Continuation with Pullback Potential

The DXY is showing strength after tapping into a daily demand order block. My expectation is for the bullish trend to continue, targeting the daily high. 

However, we’ve broken some internal structure on the 4-hour chart, so I’m watching for a pullback to the 50% level before another move upward.

Key Levels:

• Support: 50% retracement level and 4-hour demand zone.

• Resistance: Daily targeted high.

Trade Idea:

The daily order blocks carry more weight than lower time frames, so the bullish momentum could be sustained. 

I’m looking to buy into the trend on pullbacks, targeting the daily high. Once that level is reached, I’ll consider selling to mitigate the 4-hour supply zone.

Summary of Trade Setups

• EUR/USD: Buy into the micro bullish trend, targeting the daily supply zone, then sell to the downside.

• GBP/USD: Buy from the 4-hour demand zone, targeting the upside, then sell into the daily supply zone.

• DXY: Buy on pullbacks, targeting the daily high, then sell into the 4-hour supply zone.

Final Thoughts

This week, the focus is on identifying key levels and trading the retracements within the broader trends. Remember, trading is about patience and discipline—wait for the setups to come to you.

If you found this analysis helpful, don’t forget to subscribe to my YouTube channel, join my Telegram community for real-time updates, and follow me on Facebook, Instagram, and my Website for more insights.

Until next time, happy trading!

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See you in the next update!