Morning Bid Levels Trigger Intraday Bounce for EUR/USD
Morning bid levels triggered an intraday bounce for EUR/USD. Early buying support appeared at key zones. This reversed initial weakness. Price climbed steadily as buyers stepped in.
In our forex webinars we now also consider the order boards – in other words those potential buy and sell orders posted by the institutions, & if you can get hold of these I would strongly suggest you watch them (particularly) at the beginning of any session, as they really do influence the price action.
Whilst this morning’s level confirmed the selling we have been seeing driven by US dollar strength and equally concerns over Greece, what’s more important is where price is likely to pause & perhaps even rebound slightly. The 1.0885 was the first bid level and is was no surprise to see this hit and buyers step into the market. This doesn’t negate the bearish sentiment for eurodollar, but at least we know where the market is heading in the short term and here a picture paints a thousand words, with the price action hitting the MT4 support and resistance indicator precisely at this level, and reinforced with a pivot low.
The longer term outlook remains very bearish for the EUR/USD with the trend monitor continuing to remain bright red in this timeframe. In addition the buying volume can be clearly seen with the narrow spread down candles on high volume and confirming market maker buying at this level.
Finally, the price action continues to remain well below the VPOC indicator ( volume point of control) and with the US dollar surging higher, and issues over Greek debts continuing to worry euro buyers, the two currencies are working in parallel to drive the pair lower.
Volume Price Analysis Confirmation
Volume price analysis (VPA) confirmed the bounce. High volume on up candles showed conviction. Low volume earlier signaled exhaustion in sellers. Quantum indicators on MT5 highlighted bid levels clearly.
Trading Lessons from the Bounce
Intraday bounces like this reward patience. Watch for stopping volume at support. Anna Coulling’s VPA approach spots these reversals early. Quantum tools make identifying bid-driven moves reliable.
Morning sessions often deliver such opportunities. Use VPA with Quantum indicators for confident intraday trading on EUR/USD.
Advantages of Trading EUR/USD in the London Session
EUR/USD is the most traded forex pair. The London session offers unique advantages for it. This period (8:00-17:00 GMT) overlaps with Europe. Liquidity surges. Volatility creates opportunities. Traders find clearer setups here.
High Liquidity and Tight Spreads
London handles ~40% of forex volume. EUR/USD spreads tighten dramatically. Execution is fast. Slippage minimal. This reduces costs. Volume price analysis (VPA) signals shine—high volume moves show real conviction.
Volatility from European Data
European releases (PMI, ECB) drive EUR/USD. News spikes create momentum. VPA confirms direction—high volume on reactions validates trends. Low volume spikes warn of traps. Quantum Trend Monitor on MT5 or NinjaTrader aligns entries perfectly.
Relational Strength and Clear Trends
EUR/USD reflects eurozone vs US dynamics. London open highlights this. Currency strength indicator ranks EUR live. Matrix shows relational flows. Trends form early. Pullbacks offer entries. Quantum tools make spotting them reliable.
Practical Benefits for Traders
London session rewards preparation. Focus on overlap hours for best moves. VPA reduces noise—high volume confirms conviction. Anna Coulling’s methodology with Quantum indicators turns volatility into disciplined trades.
EUR/USD in London delivers liquidity, volatility, and clarity. Quantum tools enhance VPA for consistent results. Trade this pair confidently during London hours.
By Anna Coulling
Creator of Volume Price Analysis