EU is currently exhibiting a similar pattern to other pairs, and my current stance for this currency pair is bearish. I'm patiently waiting for the 12hr supply zone to be mitigated, considering it as the nearest opportunity of interest for me. This aligns with the overall higher time frame trend, which is bearish.
Upon the mitigation of this zone, my plan...
The price for EUR/USD has been been in a downtrend, we expect it to continue further. The price has not pushed above the 200 day EMA. Furthermore, Aroon and Ichimoku indicators currently indicate a further downtrend, too.
target: 1.03550
entry: 1.05916
