AlgoVenture

EURUSD Long - Gain on Demand

Long
FX:EURUSD   Euro / U.S. Dollar
EURUSD is set to climb further this week as it attracted strong demand from its 3-month demand zone around 1.126.
At the same time, the dollar has completed a Gartley pattern based on the D1 chart which technically suggested that the price will start to fall.
As demand starts to drop for the last 2 candles, it is a sign of a lack of buyers at the current price.
So wait for the price to retrace and identify a strong level to long, preferably from the 382 level if the trend is bullish enough.
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