price is currently accumulating volume in consolidation between a supply and demand zone. I am expecting price to retest the supply zone which is also near the 38.2 FIB level of resistance.
We will wait to see how price react at this zone to determine our position. Aggressive entry would be after a daily rejection off this area. Conservative entry would be after...
EURUSD is currently in consolidation while also forming it's "right shoulder"
I am expecting price to rise a bit more to the 38.2 FIB level near the supply zone. From where we will see how price react
Overall analysis is down trend but we shall see as the market can do whatever it wants.