Price Altitude: Low
Daily Trend: Down
4H Trend: Down
Price Analysis: EUR has weakened considerably against the USD. As a result, demand zones have been removed and supply zones have been created.
Anticipated Move: The parabolic move lower suggests to me prices are over extended. The green support line labelled 25% is expected to temporarily stall the move lower with a potential counter trend retrace upward in the cards.
Price Points of Interest:
4H Supply @ 1.1517
4H Supply @ 1.1444
Stacked 4H Demand inside Daily Demand @ 1.13496
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
Daily Trend: Down
4H Trend: Down
Price Analysis: EUR has weakened considerably against the USD. As a result, demand zones have been removed and supply zones have been created.
Anticipated Move: The parabolic move lower suggests to me prices are over extended. The green support line labelled 25% is expected to temporarily stall the move lower with a potential counter trend retrace upward in the cards.
Price Points of Interest:
4H Supply @ 1.1517
4H Supply @ 1.1444
Stacked 4H Demand inside Daily Demand @ 1.13496
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
Kommentera:
EURUSD retrace did not quite reach the 4H Supply @ 1.1444 before dropping. Entry missed, order removed.