I am expecting EURUSD to maintain its long term bearish trend downwards from the start of this week and achieve new lower prices below 1.04709. Dollar strength is clear and has stayed consistent, whilst the markets show a reluctance to hold riskier EU assets.
We have an unmitigated order block/supply zone around the 1.06500 area that I expect to be met, before a distribution of price from this zone towards the very bottom of its current range in continued selling pressure.
We have an unmitigated order block/supply zone around the 1.06500 area that I expect to be met, before a distribution of price from this zone towards the very bottom of its current range in continued selling pressure.