EUR/USD July 10th 2018

Here is my Analysis on EUR/USD -0.06% For a bearish (Sell) perspective this is
an Educational Idea for my own personal studies.

The area of interest for me to look for sells is within the resistance zone that has be formed here
if we see this pair drive up to that zone that is where we could consider potential sellers to come into play.

I will be Posting another idea following this one for a Bullish perspective on this pair.

if you wish to follow this, Trade safe and Enjoy - thanks

Comment:

Here is the EUR/USD On a much wider Scale - Currently the Daily Time Frame is ranging between two price Levels and soon we will be breaking out of this range.

Notice From 2015 - 2017 we had a Strong resistance zone (High price For sellers)
over time going past 2017/2018 that zone has turned over and the value of that zone that was once considered high for sellers.....now price is playing above it.

this is a very significant level with price.

Comment:

price is in a daily range
and it make just react sideways for abit of time

Expect the Euro to break
out of this range very soon

In Terms Range Means -

Sidaways or Consolidation
these are phases that are
involved in the market

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If the EUR/USD Is going to go down we need to see it break out of the daily range/Supply and Demand Zone that will be the area that holds price up with Buyers

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----------SCENARIO #2----------

Now this is scenario Number 2 - We could possibly see buyers come
into the market here a drive price back up giving us one more
touch of support.

if price comes back down This is going to be a significant
Area for price as it even sits right at a half point figure number

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Possible bearish Flag formation

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If EUR/USD Breaks the zone its going down long term

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