Demand levels have been consumed in the EURUSD and can not keep price up
The price in the Compression channel is increasing liquidity. To reach Quasimodo lvl
ITs created a fake supply for Retail traders Then Breakout and Stops Zone
Big boys engulf the supply level. They show that they are going to have a bullish move. So, they Retrac. To sum up liquidity. They also touched the buyers Stop loss.
The big boys seem to be collecting liquidity. To reach the best selling area