EURUSD → Active sale. Emphasis on 1.0900
Updated
EURUSD continues to update lows since the fundamental background and uptrend change. Price is descending in a calm and progressive manner, which generally indicates the strength of the trend... A strong drop from the distribution phase without any pullbacks is an indicator of a strong trend. There is a key liquidity zone ahead, which could form a surge in volume and liquidity that could lead to a small correction. For example to 1.095 - 0.7 fibo. On the Daily chart we see the realization of a failed breakout (false breakout), a strong distribution is formed. The liquidity at 1.077 - 1.067 may become the target of such a movement
Resistance levels: 1.095, 1.100
Support levels: 1.089, 1.077
There is no news until Wednesday, so the fundamental background remains the same. The market may stop and go into consolidation, but with a high probability the fall after the breakthrough of 1.089 will continue...
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Comment
Trade active
Entering bearish zone (activation zone)
Trade closed: target reached
Target reached!
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