EUR/USD: Local Selling OpportunityTechnical Situation
EUR/USD shows an interesting local setup. The price has tested a key resistance level twice, which has proven its strength and halted the upward movement.
Current Picture
Currently, the quotes are located at a high-volume zone, where sellers' reaction to the decline is already visible. This could be a signal for entering short positions.
Alternative Scenario
A scenario where the price makes another move higher—towards the next volume zone—is not ruled out. In this case, selling opportunities will become even more relevant with an improved risk/reward ratio.
Entry Points
Selling is relevant:
From current levels
Upon updating local highs followed by a pullback
Additional Context
The presented analysis reflects the local picture. To understand the broader situation on EUR/USD, I recommend checking my previous publications.
Important: Don't forget to monitor the Dollar Index (DXY) dynamics, as it directly affects EUR/USD movement.
