So nice to see you here, Julexo. Although I arrived late to the party, I'm missing the old Redsword army of traders.
My reading on EU:
We have just reacted to an important Resistance (Monthly view):
Attached Image (click to enlarge)
And we came from last week from reaction to support (Daily):
Attached Image (click to enlarge)
reaction in confluence with USDx reacting last week (2025-01-13) to an important fresh supply zone from nov 2022 (Daily). But today USDx is reacting also to current support:
Attached Image (click to enlarge)
So USDX is on support and EURUSD is on resistance, both reacting.
Next, 5M chart of EU. If price breaks the next support at 1.0400, I'm looking for price going to the next level at 1.0355.
The two red poles I have marked with an arrow makes me think of bear interest:
sorry this is off the topic but i so wanted to know who redswood11 was. his concepts have been amazing and a lot of people turned it commercial business..