EURUSD has begun a downtrend after peaking out near previous high this week.
However, with such a strong uptrend, a large retracement would be expected as well.
This week, should price break below the current demand zone, it would confirm further downside.
Thus we could await a pull back before selling EURUSD again to next level of support.
However, with such a strong uptrend, a large retracement would be expected as well.
This week, should price break below the current demand zone, it would confirm further downside.
Thus we could await a pull back before selling EURUSD again to next level of support.