>>Last week movements (Green to Red Vertical Lines)<<
Seeing the completion last week Tuesday with a price push higher. We also saw some fundamentals (news spike) pushing EU lower. If a news spike fails to go lower than the lows this indicates more buying pressure.
Note that only ONE low was taken out in last weeks price movement (check white text) then price returned to the highs completing the .
>>This week EURUSD movements (Red Vertical Line to current price)<< Weekly Bias
We can see the Triple Top (3 red boxes) or even a (2 red boxes). The didn't go higher than the 1st red box high that's a sign of selling with confirmation of the triple or double tops. Price also failed to hit the 1.1200 area which also shows selling pressure. (There we have confirmations - Triple Top, , 1,120 failed to reach plus Sunday price movement showed signs of selling)
This week starts at the red vertical and horizontal line where price opened at 1.11682, it then bought during Asian session and the real direction started at London.
All Euro-London Opens (yellow text) gave traders sell entries if you missed any of the previous days entries. Another sell confirmation was the the pattern formed where we always look for Entries at the C Label. Pushing Price lower to where we are at now.
What Do I Expect Now - I'm looking at the 1.10 area with the lows being a target also for some reversal in my zone. We May see some selling then buying, but I will do another EU chart with some proper Analysis..
Take Care All Have A Great Weekend
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