EURUSD, looking at a COUNTER TREND TRADE for a Long opportunity.
Overall EURUSD seems to be DOWN TRENDING on the Weekly and currently consolidating. Dropped down to the Daily we see BULLS come in and create a FRESH DEMAND zone. Untill that zone is broken, there is no reason to sell. Dropped down to our 4hr we see FRESH SUPPLY zone, that will give us a good entry to trade with the Overall trend. Disecting even further we see a nice DIVERGENCE on the 1hr. after hitting our Daily zone simply confirming our current change in trend.
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