EURUSD entering a support zone that hasn't been breched yet. Keep in mind that this is also the neck line of the double top formation that complete it's last leg this today. A combination of a psychological area and demand for the eurousd in zone 1. I'm placing my stop market order accordingly just incase it breaks zone one. Another observation I should note is that the Euro hit a massive resistance zone on the weekly chart that puts us in a bearish trend. Hope this analysis help everyone.
I should also make one last note that Zone 1 support has a good chance of failing due to prices leaving the area in a stair stepping manner but it is a zone nonetheless.
I should also make one last note that Zone 1 support has a good chance of failing due to prices leaving the area in a stair stepping manner but it is a zone nonetheless.