Forex_Times

✍️ EURUSD: What does consolidation above weekly balance tell us?

OANDA:EURUSD   Euro / U.S. Dollar
Over the past 24 hours, the weekly marketmaker balance test (1.2167), which we saw in yesterday's trading idea as potential support, successfully worked out.
πŸ“Œ By the trading results of Wednesday, June 3, we have consolidated above the current weekly balance for today (1.2198).
If we successfully test the limit buyer level (1.2176) we expect a rise with intraday targets: balance of the day (1.2232) and limit seller (1.2271).
πŸ€” Like the idea? πŸ‘ like it ✍️ write a comment
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.