EU is still in a downtrend, after breaking and closing below the demand zone, this level will now serve as resistance. I expect more push to the downside once price breaks the minor trendline from this level.
However if price pushes up and close above the keyzone, my bias would change temporarily.
What is your bias?
EURUSD SELLS
Based on my analysis which has his base in liquidity grabs etc.
After the shorts, I might take look for entry at the take profit area for the sells.
EUR/USD is in a HTF downtrend. We had a massive sell off from 1.16850 with lows being reached of 1.15135. Drawing my Fib Retracement i am currently looking for a sell entry @ 1.16245- 1.16250 which aligns with the 0.618 fib. This area is also a massive rejection zone on multiple HTF's making it an area of interest for me. Price may drop before reaching this area...
