So price has came back as expected to the supply zone around 1.19. If i think about it, price should not be higher than 1.19 per US dollar, and I believe a major currency like USD and EUR more often than not react to these rounded number, since a whole country or even a continent is dealing with that currency , which makes breaking above or below 0.1 is not easy.
that said :), I see a good opportunity to short EURUSD currently. its worth mentioning that the last daily candle coincided with a death cross (50EMA crossing below the 230EMA). Based on my backtesting of golden / death cross and wether they play out, I can say that in more than 80% of the cases when these crosses happen on the daily timeframe, then there is a high chance that price will continue pushing into that direction., with exception to when price is ranging.
that said :), I see a good opportunity to short EURUSD currently. its worth mentioning that the last daily candle coincided with a death cross (50EMA crossing below the 230EMA). Based on my backtesting of golden / death cross and wether they play out, I can say that in more than 80% of the cases when these crosses happen on the daily timeframe, then there is a high chance that price will continue pushing into that direction., with exception to when price is ranging.
