EURUSD Good day traders. We have gapped down at market open during Sydney (middle east conflict as catalyst) and continued on with the bearish intention after last week's mitigation off the 1h FVG/ 15m supply OB during NY.
During Tokyo, a test was made at the internal LTF structural low formed at Sydney but failed to break through with momentum. At present time, price is attempting once again to break the LTF structural low.
Intraday wise, we are bearish biased. Having said that, price could potentially manipulate the Asian highs before a proper move down to the macro structural low at PDL in order to get to the 1h demand OB below.
Look for value entry prices and short the rally after the Asian highs are manipulated.
Good luck traders. May the loaves be with you 🍞🍞🍞
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