Euro / U.S. Dollar
Updated

EURUSD Idea for 06/02/2024

201
Yesterday was a dull day and I only have the London session to play with, today.

We have reached that weekly point of support that I have been talking about for a few weeks, I'll post an image below. If we close a weekly candle below it then I expect some serious downside for EU but it will likely sweep it first so we could be a few weeks before the anticipated drop.

Until then, we have a few H4 zones to work with and several M15 zones to trade from which I have marked up.

Wishing you all a profitable trading day
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Weekly reminder snapshot
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Price found some sell pressure at a trivial M5 supply zone. I would consider this an Asian continuation but that push down meant business. Adjusted plan accordingly snapshot
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snapshot
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1L for the week so far snapshot

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