Eurusd London 31.03.2023 analysis
-You can see our major zones there on the chart.
-There is a lot of imbalance in the market with retail sellers being the majority at highs of 89%
-We have our major support of price standing at 1.07100 and bit of an issue at 1.09306 with price resisting upward movent.
-Ill be looking for buy signals on price hitting my trendline as shown. However, if price prints bearish,closing below the trendline, two possible scenarios;
1. Will sell the pair targeting 1.07100s
2. I may wait for price to drop to the demand zone and wait for it to print a strong bullish candle.
-There is a lot of imbalance in the market with retail sellers being the majority at highs of 89%
-We have our major support of price standing at 1.07100 and bit of an issue at 1.09306 with price resisting upward movent.
-Ill be looking for buy signals on price hitting my trendline as shown. However, if price prints bearish,closing below the trendline, two possible scenarios;
1. Will sell the pair targeting 1.07100s
2. I may wait for price to drop to the demand zone and wait for it to print a strong bullish candle.
Note
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