EUR/USD Shorts form 1.07100 or 1.07425

OANDA:EURUSD   Euro / U.S. Dollar
My analysis for EU is similar to GU, focusing on sell opportunities. I'm particularly interested in a 4-hour supply level as a key area to take sells from. Once the price enters that zone, I will look for lower time frame (LTF) confirmation to continue the bearish trend.

If the price goes higher, which is also expected, a more favorable sell position would be around the 5-hour supply zone, as it offers a more advantageous selling point.

- Price has been very bearish recently indicating bears are more dominant.

- 5hr and 4hr supply levels left unmitigated thats now become our POI.

- Lots of liquidity left to the downside like Asia lows.

- DXY is also correlating and supporting this idea as the dollar is looking bullish right now.

- Lots of bearish pressure which means the correction is pending back up.

P.S. I expect this pair to start off bearish this week, aiming to break the nearby low. Afterward, I anticipate a reaction from the 4-hour demand zone, causing a retracement back up.


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