Price Altitude: Low Daily Trend: Down 4H Trend: Down
Price Analysis: EUR has weakened considerably against the USD. As a result, demand zones have been removed and supply zones have been created.
Anticipated Move: The parabolic move lower suggests to me prices are over extended. The green support line labelled 25% is expected to temporarily stall the move lower with a potential counter trend retrace upward in the cards.
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
评论
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EURUSD retrace did not quite reach the 4H Supply @ 1.1444 before dropping. Entry missed, order removed.