EURUSD running into supply with weakness on the background
Updated
After a sign of weakness (selling into the large up candle) at the supply zone, price has reached the zone again on low volume.
Watching price action for a reversal or break on high volume above the supply zone.
Watching price action for a reversal or break on high volume above the supply zone.
Note
demand overcame the supply and price broke through the former highs making a new high. This happened on high volume and momentum. Waiting for a test of demand at the former supply level for a possible good entry for a long position.Note
chart updateprntscr.com/heqf77
Note
chart updateprntscr.com/her7v5
safe to say, we didn't see a test after the break/rally :-)
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