🔸Hello traders, let's review the 1hour chart for EURUSD today.
Overall, strong price chart with sequence of higher lows in progress.
🔸Clearly defined set of overhead resistances and supports below
market price with liquidity distributed equally among buy side
and sell side order blocks.
🔸Primary pattern / structure is 3 drives in progress, expecting
a final pullback to trigger OB liquidity at/near 0510/0520 before
bullish reaction and final push (3rd drive).
🔸Recommended strategy for EURUSD traders:no trade recommended
at current price, however bulls should enter BUY/HOLD at/near 0510/0520 SL 30 pips TP1 +70 TP2 +140 final exit at 0640. Bears should
wait for further updates and get ready to short from sell side order
blocks near 0640/0660 S/R zone. good luck traders!
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