EURUSD price action on the daily time frame is in a bullish corrective mode under a technically bearish environment. Price action retested the 1.12500/1.11796 daily demand zone (blue) a couple of times before moving a few pips above it. It then turned sideways but the bullish candlestick printed last week Friday broke above an area of consolidation that had been in place for three days. We may see northward market engineering towards the 1.15610/1.16110 daily supply zone (magenta) before a southward rotation.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
1