The 1HR is forming a decent buy opportunity, however, the better trade is the higher of the two supply zones. The nearest supply zone should produce some reaction, but it will likely not be as pronounced as the higher supply zone. Sometimes it's difficult to choose and so is the case with the USDJPY and this EURUSD.
The first is less likely to hold for much, if at all. That will depend on how price approaches that area, mostly. The lower demand level is a more conservative execution, if taken.
Be careful on this one, as the pink area is a monthly supply zone. However, the Daily Demand zone formed is legitimate. The decision has to be balanced knowing that the monthly supply zone is right there above.
