EURUSD Daily Outlook 25/05/20
RTO Formation and a rejection off a strong supply zone.
Market has broken the ascending trend line signalling a shift in market dynamics from buyers to sellers.
Higher time frame possible retest before going down as the main move of the week.
Entry level as indicated on the Fibo 61.8% matching the RTO.
Take profit 1 and 2 levels based on previous structure and next demand zone.
Market has broken the ascending trend line signalling a shift in market dynamics from buyers to sellers.
Higher time frame possible retest before going down as the main move of the week.
Entry level as indicated on the Fibo 61.8% matching the RTO.
Take profit 1 and 2 levels based on previous structure and next demand zone.
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