EURUSD has made some BIG changes to structure over the past week! We are no longer feeling the support of a weekly demand zone, price has broken below and will most likely continue through into the 1.1000 level and beyond.
Fundamentals point to a bullish US Dollar - the Federal reserve plan to raise interest rates 3x throughout the course of the year (bullish for the Dollar) and for the past 2 years we have seen neutral (no change) US rate decisions cause bullish action too, so I suspect we will see a continued theme this year as we did in January.
Pair this with the current technical collapse we are seeing and I anticipate some lovely swing shorts towards the imbalanced weekly 1.1000 demand zone & key level area.
THREE short zones are in mind, all approached with confirmation entries to make sure you don't lose multiple times before a win. Let the market flow into the zones and when clear reversal forms enter WITH the new bearish trend. Until that happens stay patient! My favoured zone for reversals is one nearest to price (being the zone that brought the most weakness & selling pressure) but the others should be kept in mind too!
The 2nd Supply Zone in the middle seems to have the highest probability since it is the one with the most confluences. I see that it has a liquidity build-up plus the imbalance.