selfrighteousgambler
Long

EURUSD POTENTIAL LONG

FX:EURUSD   Euro/U.S. Dollar
EURUSD             has seen a significant drop after the rally that occurred during the Greek elections.

This formed a bigger picture demand zone for the EURO             .

The intermediate supply zone highlighted has a lot of PA in the area, so it may only hold through one retracement back to the level.

The next time price gets to the bigger picture demand zone , it will be the first pullback which may form a new intermediate demand zone within. I do not suggest trading the first pullback until a base forms and prices head out again. But that's just me.

The initial rally may be limited to intermediate supply zone above. Reversals usually have hiccups at the start.

Price may then drop back into the zone to test new zone. This may see a rally to the supply zone highlighted @ ~1.13584.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out