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AlfonsoMoreno

EURUSD Forex cross pair shorts with weekly supply in control

Short
Euro / U.S. Dollar (OANDA:EURUSD)  
AlfonsoMoreno  
OANDA:EURUSD   Euro / U.S. Dollar
Trend Analysis Support and Resistance Supply and Demand EURUSD eurusdshort eurusdprediction eurusdforecast eurusdsignal eurusdoutlook forextrading forextradingzones
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trendanalysis supportandresistance supplyanddemand eurusd eurusdshort eurusdprediction eurusdforecast eurusdsignal eurusdoutlook forextrading forextradingzones
EURUSD forex cross pair has started to drop again reacting to weekly supply level in control around 1.1404. Weekly is in a downtrend and there is a lot of room for EURUSD cross pair to keep on dropping even further.

There are new H4 and H1 supply levels being created with weekly supply imbalance in control. New H4 imbalance around 1.1364 and H1 supply zone slightly higher. There is no reason to think of going long on EURUSD cross pair, no matter what the news or fundamentals tell us about it.

In a downtrend, supply zones are created and respected, demand levels are eliminated. Short bias at new supply level son EURUSD Forex cross pair.
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