Some Demand and Supply Zones on EURUSD
Thought I'd point out what I'm seeing as demand and supply areas on the EURUSD. A simple observation of higher highs and lower lows on the 4 hour chart can give us some insight into what bias you should hold.
If you're a short term trader, you can either fade the demand zone into the 200ma (if price action shows more bearishness), or keep buying at the appropriate signals for a longer term trade towards the next resistance area.
If you're a short term trader, you can either fade the demand zone into the 200ma (if price action shows more bearishness), or keep buying at the appropriate signals for a longer term trade towards the next resistance area.
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