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Forex_Times
Jun 3, 2021 5:44 AM

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

EUR/USDOANDA

Description

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.
📌 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).
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