EURUSD can be a very large leading diagonal pattern. Two impulses along the correction trend line of the 4-hour rising wave have occurred, and the last impulse may remain. When the 4-hour correction trend line is broken, the pattern is changed and the scenario becomes invalid.
And, it is very likely to drop in the weekly supply zone. If it goes down, there is a chance for a rebound in the weekly demand zone.
If it breaks through that blue support line, it could be a very big move. So, that blue support line has very large resistance, so it will be difficult to break through unless the trend changes. Watch the action near that blue support line.
And, it is very likely to drop in the weekly supply zone. If it goes down, there is a chance for a rebound in the weekly demand zone.
If it breaks through that blue support line, it could be a very big move. So, that blue support line has very large resistance, so it will be difficult to break through unless the trend changes. Watch the action near that blue support line.