EURUSD Forex crosspair forecast and supply and demand imbalance
What is EURUSD Forex cross pair forecast based supply and demand technical analysis? Well, as discussed in previous analysis in the past, we have a clear long term short bias on EURUSD Forex cross pair creating and respecting bigger timeframe supply levels and imbalances and eliminating obstacles in the form of demand imbalances.
In a clear downtrend we should only be interested in selling EURUSD Forex cross pair. If you are using other Forex trading strategies or even trading the lower timeframes using indicators and oscillators, you can use this supply and demand technical analysis on EURUSD Forex cross pair to plan your shorts. You might be using CCI or RSI oscillators or even moving average crosses and Bollinger Bands, we don't really need any of those to make a trading decision when trading supply and demand imbalances.All we need to know is that we have a trend and direction and new supply levels created. The technical video analysis you can watch below shows a longer term EURUSD Forex cross pair analysis using the weekly timeframe as the main timeframe. New supply level has been created around 1.1225, gained control and price is dropping strongly with a lot of room on the way down to a strong monthly demand level that is located near EURUSD parity level where longs will be possible again.
In a clear downtrend we should only be interested in selling EURUSD Forex cross pair. If you are using other Forex trading strategies or even trading the lower timeframes using indicators and oscillators, you can use this supply and demand technical analysis on EURUSD Forex cross pair to plan your shorts. You might be using CCI or RSI oscillators or even moving average crosses and Bollinger Bands, we don't really need any of those to make a trading decision when trading supply and demand imbalances.All we need to know is that we have a trend and direction and new supply levels created. The technical video analysis you can watch below shows a longer term EURUSD Forex cross pair analysis using the weekly timeframe as the main timeframe. New supply level has been created around 1.1225, gained control and price is dropping strongly with a lot of room on the way down to a strong monthly demand level that is located near EURUSD parity level where longs will be possible again.