Analysis needed on Price Action Flow

Hi,

Can someone experienced give me there view on price action flow on this chart is it the wider the support and resistance from previous days highs and lows say 2 weeks to 2 months ago make it easier for price to flow down with minor pullbacks?

I'm not what I suppose you would call 'experienced' but I will say this; look at the horizontal levels (support resistance) that you see on the left (zooming all the way out helps) of the previous uptrend. Then move out to higher TFs and do the same. You will find all the answers there as to why price has bounced.

But that is only S&R, look for S&D and TLs too along with any other confluence tools you use (fibs, pivots, ect). Look for yourself.. you'll find the reasons why price did what it did.

Price action flow? Sorry but I can only advise on indicator flow and EA flow.

For EURUSD (as per your chart) watch the first hour of trading in Frankfurt which is 2:00-3:00am ET for me: