EURUSD forex cross pair has started to drop again reacting to weekly supply level in control around 1.1404. Weekly is in a downtrend and there is a lot of room for EURUSD cross pair to keep on dropping even further.
There are new H4 and H1 supply levels being created with weekly supply imbalance in control. New H4 imbalance around 1.1364 and H1 supply zone slightly higher. There is no reason to think of going long on EURUSD cross pair, no matter what the news or fundamentals tell us about it.
In a downtrend, supply zones are created and respected, demand levels are eliminated. Short bias at new supply level son EURUSD Forex cross pair.
There are new H4 and H1 supply levels being created with weekly supply imbalance in control. New H4 imbalance around 1.1364 and H1 supply zone slightly higher. There is no reason to think of going long on EURUSD cross pair, no matter what the news or fundamentals tell us about it.
In a downtrend, supply zones are created and respected, demand levels are eliminated. Short bias at new supply level son EURUSD Forex cross pair.
Alfonso Moreno
Set and Forget Trading Community
Set and Forget Trading Community
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Alfonso Moreno
Set and Forget Trading Community
Set and Forget Trading Community
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.