10/06/22 EurUsd 1h AnalysisEurUsd created a peak formation Low and has played out a multi-session W pattern with heavy divergence on the TDI. Market price has now shifted from Bearish to Bullish and price rose from Peak Formation to Level 1 and did its first Stop hunt low to the 50ema on Friday which also coincides with the 1.05000 zone. Meaning this pair could either drop to the 1.03500 zone to create a 22 trade (2nd leg on the 2nd leg) or price action will follow the regular market movement and continue with its Bullish cycle. On Forex Factory there is news for Monday that will be good for the Eur currency.
