EURUSD has been pushing up strongly, but it has reached a strong order block, where there is strong selling pressure, from which price is currently reacting, we should expect price to retrace till 1.0382 level before continuing upwards. 1.0382 is a strong order block where the price will receive enough momentum to continue upwards.
Smart Money wise, the overall...
Price just broke support and we should expect it to retest. Currently the retail sentiment is strongly bullish reaching close to 4 longs for every short. This attracts smart money to short the price and go against the retail traders. But they (the big banks) are still greedy for more, so should expect price to retest 1789.3, attracting more retail traders to get...
Price broke below resistance A and went on to form resistance B...for price to continue downwards, it had to retest resistance B rather it broke above it. Now on a path to either retest Major Support (now resistance) A. Since price has broken back above Support B...expect price to first retest it before continuing further upwards.
Market is generally on a downtrend. Price is now at a daily support, level 702. Expecting price to retrace 893 level. Price could retrace immediately or it could push further to the lower support before retracing to the 893 level. From there we should expect price to continue pushing down to the 441 level.