EURUSD POTENTIAL DROP BEFORE RISE?
EURUSD showing multiple downward waves to a major demand area (blue zone)
Notice previous area had huge bullish candle and is first test of the zone.
Anticipating a possible move down into the 88.6 swing low/high
or a Impulse above previous H1 high into next zone.
Notice previous area had huge bullish candle and is first test of the zone.
Anticipating a possible move down into the 88.6 swing low/high
or a Impulse above previous H1 high into next zone.
Comment:
EURUSD rejected level 1.13500 (88.6%) now +35 pips profit.
Expect higher highs on this pair
Expect higher highs on this pair
will be looking to swing trade off of this level.