EUR/USD Supply zone and a range trade
Updated
Hello,
EUR/USD idea for the upcoming week:
This pair might start developing a range (taking into consideration the over-extended flow) before resuming or turning around the trend.
I will be looking for short opportunities as a Daily/H4 trade around 1.1750 for 2 main reasons:
- Very strong supply level from the daily
- Top of a range within a strong downtrend
Will see how the price performs until there if it can reach it. Defintely a strong level that we should pay attention of.
EUR/USD idea for the upcoming week:
This pair might start developing a range (taking into consideration the over-extended flow) before resuming or turning around the trend.
I will be looking for short opportunities as a Daily/H4 trade around 1.1750 for 2 main reasons:
- Very strong supply level from the daily
- Top of a range within a strong downtrend
Will see how the price performs until there if it can reach it. Defintely a strong level that we should pay attention of.
Note
Still waiting on this one. I am anticipating one more final push (weaker than the previous) or just collapse to the most recent breach from the H4 and potential entry afterwards.
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