Euro / U.S. DollarShort
EURUSD possible meltdown
EURUSD has been moving bearish for a while now, and has just recently made it back towards a very deep premium zone. After a massive break of structure on the 4h timeframe, price preceded to retrace and accumuulate lots of internal range liquidity in the form of highs and a trendline as highlighted. We just saw that all that liquidity was taken out after the news events on Friday. Price gave us a shift in market structure on the internal structure after mitigating a supply zone that was left behind during the previous expansion. This now gives us a confirmed opportunity to enter in on the possibly-to- continue bearish move to go and take out the latest weak low.
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