Euro / U.S. DollarShort
EURUSD
Looking at EUR/USD, the overall trend remains bearish, and my bias aligns with this due to the consistent break of structure to the downside. While price has been printing lower lows, it has also created an unmitigated supply zone.
Currently, I’m waiting for price to sweep the inducement and react off the supply zone. For added confirmation, I’ll monitor this move on the 1-minute timeframe. Ideally, price will take out the equal lows and the resting liquidity on the downside, reinforcing the bearish continuation.
Currently, I’m waiting for price to sweep the inducement and react off the supply zone. For added confirmation, I’ll monitor this move on the 1-minute timeframe. Ideally, price will take out the equal lows and the resting liquidity on the downside, reinforcing the bearish continuation.
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