EURUSD outlook

Price is at the premium level that has the new week opening gap I marked it with the yellow box , let's just see the reaction there I anticipate sells around there

EURUSD- Price is ranging on the Daily. I'll steer clear until it breaks below 1.1380 before I Join the sells.

EURUSD has retraced higher and tapped into the supply zone marked on the chart.

Now the question is simple:

Will sellers step in from here?

Although the double bottom was not taken but price is in a Very good sell zone which I have marked with the yellow box, price can easily reverse from there because of the new week opening gap that serves as a strong resistance at that level

It has entered a nice zone is just to look out during NY session for good opportunity to sell from the yellow box

That is the liquidity sweep I always tell you about from IRL to ERL, Happy you are having that view

Thank God you were not interested because that zone was not the original supply level, the yellow box is and if you want to check the pullback you will agree that the initial sell move wasn't up to the 50 percent drop that supply zone you marked

EURUSD- bearish closure of the Current 4hr candle, will strengthen the sells to the downside.

The bearish narrative remains active.

Price has retraced back into a key supply area after the recent bearish move.

This could be the location where sellers regain control.

It's base on the reaction around the zone that will determine if sellers wants to take over the zone or not, but from my observation, sellers are interested in that level I told you that new week opening gap is strong

Sellers waited for price to reach the key supply zone at the new week opening gap, so they can take control from there

The bearish idea is simple:

Price retraced higher ✅

Supply zone tapped ✅

Bearish structure remains relevant ✅

Sell-side continuation expected ✅

Price has done justice to that your zone. It's selling from there at the moment

That level was my POI since yesterday because price was acting fishy with POI 1

I have taken the sells already. You can look out for an entry according to your own strategy

The bearish idea is simple:

Price retraced higher ✅

Supply zone tapped ✅

Bearish structure remains relevant ✅

Sell-side continuation expected ✅

yeah i'm getting it little by little

Yes it was just a trap to get sellers stopped out

Yeah

I'm happy i caught the sells from that zone

It is even seen from the selling pressure