If the ceiling is not faked out, this scenario is established
The price should make a bearish QM but not confirm it and move upwards
The price is a huge pain And after a make-out to the ceiling and building a LS, it will descend
According to the price signs, we are in wave 5 and still the price can continue to climb up to 1.1075 and then enter a deep correction.
According to the movement of the upward momentum of the euro, I expect an upward step towards the liquidity consumption target at the ceiling of New York on Monday - if the price stabilizes in this area, the target will be 1.07880 and after that we can expect a downward movement below the floor of 1.061. to be
Considering the liquidity left at the ceiling on Monday, there is a high possibility that the price will have a return to collect that liquidity and after hitting the one-hour supply area at the ceiling, it will move down again (all the areas and numbers are on the chart).
This is a general view and not a trading recommendation - According to the last week's movements, the dollar index can have a good decline this week in order to collect cash from the floor and rise again in order to fill the gap of the previous week. The drop of the dollar to 104,600-104,800 --- next week the rise of the dollar to the range of 16,500-106,600
EURUSD-SELL SUPPLY AND DEMEND TARGET 1.048 Due to the price hitting the target supply area, this movement will be 1.048 - otherwise, due to the demand areas in the 1.050 area and the support of buyers, the price will move upwards towards 1.075.