kate25

This is a perspective chart. As we can see a base forming above price we start to look if demand is forming below. To take the trade price needs to close above base then come back and test it. Targets above. Alternatively price continues to decline not challenging base.

Resist turns support at first demand. I would expect first demand to hold. If first demand is lost then a test on the bottom demand will occur. Targets above, top supply has not been tested yet.

It appears price is correcting. Price should move down as long as supply holds above price

Price is in layered supply, layered sell orders...the question becomes will there be sufficient sell orders in supply to finish off the buy orders and send price lower looking for demand - buyers. Longer term view then I care for on the weekly Ill bring this down to a daily and 4hr view

We have this idea that price made a lower low so we expect a lower high. Price is at a support turned resist level and this would need to hold to send price lower if it crosses above, price will continue to move higher. Targets below.

Price is testing the broken trend line also in resist - the zone is 16 pips deep so not alot of room to move around - euro drops here or breaks resist and recrosses the broken trend line, heading higher

Resist turns support see if price starts moving up. Support needs to hold here

It looks like a correction if so then price should leave in the same direction it entered

Price is in supply demand below

We have this idea that support has flipped to resist with another resist area above. Trend line is intact. Targets below. We need a lower low below .9915 to switch momentum to the downside. If we get the lower low then the trend line will be broken leaving the breakout area - plateau to be tested. Resist needs to hold.

We have this idea price is sitting in demand. The parallel lines are drawn backwards taking our wave from the top instead of a wave at the bottom forming higher lows - but it has not made one yet. So all the parallel can do is suggest a higher low at the bottom. We can see it is at the point where price broke out. Momentum is still down and will be down till we ...

Coming off of demand - targets above

Price is in supply...should move down to demand as long as supply remains intact

Euro is at support. Resist continues to hold. If support fails price will go lower. If support holds then resist will be under pressure again to hold price down.

We have this idea that price is sitting in layered demand. Resist areas remain intact above. Momentum has not switched untill we get a higher close then the nearest opposing bar. If we lose support then price will decline further and our support will turn to resist.

Price is in demand - as long as demand holds price should advance up. Price remains in a down move, we need a close higher then our nearest opposing down bar to reset the momentum.

We have this idea price is in supply. Ive annotated the chart with alittle more about buy and sell orders / why resist becomes support. Supply will need to hold to send price further down - a break above supply and it will turn to demand sending price higher

In supply looking for demand below - if supply fails price will advance further up