Euro / U.S. DollarShort
EURUSD market in a sideways range on the hourly
What I am seeing:
Price has been rejected in this supply zone on a few occasions near price level 1.08900
Price has been accepted at a demand zone near price level 1.08200
My plan:
Reversals out of supply back into demand.
Concerns:
Buying appears strong. Selling appears to be weak. Technically this looks like buyers are lurking below but for the time being I must trade what I see not what I think.
Price has been rejected in this supply zone on a few occasions near price level 1.08900
Price has been accepted at a demand zone near price level 1.08200
My plan:
Reversals out of supply back into demand.
Concerns:
Buying appears strong. Selling appears to be weak. Technically this looks like buyers are lurking below but for the time being I must trade what I see not what I think.
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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.