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EURUSD Analysis For Short Term Forex Traders 24/05/2019

FX:EURUSD   Euro / U.S. Dollar
EURUSD has a really nice and strong rally yesterday, when the price move up it creates two fresh demands, the one below us is a great level for buy position in order to continue the short term Bullish momentum, at the moment, the price just reach that demand and if it’s not too late, it’s a great opportunity for short term buy position, on the other hand, if the price will break out this Demand it indicates the price tends to reach the demand at the bottom, in that case, we can look for price action setup for short term sell position, there is a 50 pips space between the demands.

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