


Daniel_M
Price has returned to a zone and failed to break, consider selling.
Trendline Breach on the weekly timeframe Retest of trendline on daily and 4HR charts. We go with the momentum
Trend line break and retest on the daily Demand zone breach and retest on daily
Trend line breach and retest on daily Lower-FL breached and tested on daily suggests bearish move coming Momentum is bearish.
If price breaks out of that range to the upside we might see a retest to that support before price shoots up following overall momentum but if price breaks to the downside we will see a large drop after a successfully failed retest.
Current price actions indicates a possible shorting area might present itself when support is broken.
From previous price action EURUSD has respected resistance and is currently showing signs of rejection. Sell is advised alternatively a stop order can work as well.