Euro / U.S. DollarShort
Strong Possible Reversal for EUR/USD Daily Chart
Entering this week we have a strong possible reversal for Eur/Usd. Reason being price has entered a strong Supply Zone on the daily. Last time price was in this range back in January it made a strong bearish trend all the way to 1.04. If price can break trendline and close around 1.07600-500 and look to sell to at least 1ow 1.06-to high 1.05. That would be the next demand zone based off the daily. If price breaks above this current supply zone 1.08300 we can see a further bullish trend to 1.09500-1.11. Wait for price to break and close below trendline for sell.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.