Price has dipped into the weekly Demand zone at the 1.12000 level
There is a Supply zone on the 4hr TF at 1.13050 that could be a area to watch initially for shorts, if this level fails to hold there is Daily Supply at the 1.13600 level
Price hasn't really touched the bottom zone, it has be pushed up before its gotten there which leads me to believe that this could offer a buying opportunity.
There is a fresh 4hr zone to aim for which as you can see price has been moving sideways for some weeks.
there is a truly fresh demand zone lower.
Price has been pushing higher this past week.
there haven't been any real strong moved and mostly moved sideways.
Ill be watching the 4hr demand zone for potential longs.
First target of most recent highs offers a rr of: 3.9 :1
Secondary Targets would be the next set of highs at the 1.32 level offering a rr of 6.6 :1
Price has touched and moved sideways from the recent Daily Zone.
Looking at the Daily price has continued its bullish movement up.
What I'm watching is the 1 hr demand zone to go long, a retest of the Daily supply offers a RR of: 4.5 :1
If price pushed higher I would be looking at the 147.00 level as a higher target offering a RR of: 9.8 :1
AS we can see there is a good 2:1 long setting up on the EURUSD.
Price has pushed down to the untouched zone and we are seeing more buying pressure froths level.
The 2 hour chart shows a strong moved down with that engulfing candle which will offer little resistance to the upside at around the 1.15200 level