EURUSD: FAILED demand! Bearish move +200 pips
- First we can observe the major structure, price broke the last major structure (change of character) also retested on the supply zone at 1.1000 and dropped +300 pips to first demand zone 1.0800.
- Last week we had a reaction from demand zone with fed meeting after that price sweep the last highs with Friday swing high and closed with a strong bearish pressure after Friday USD positive news.
- We may predict price will sweep the major low 1.07200 reaching first demand 1.0700 as a first target and 1.0600 as an extreme target.
- Last week we had a reaction from demand zone with fed meeting after that price sweep the last highs with Friday swing high and closed with a strong bearish pressure after Friday USD positive news.
- We may predict price will sweep the major low 1.07200 reaching first demand 1.0700 as a first target and 1.0600 as an extreme target.