EURUSD SHORT TO 1.0800 OR LOWER IS LIKELY

٣٠ أغسطس ٢٠٢٤

I will keep it simple as the photo shows much of whats going on. Price tried to break out of LVL 1.1100 and failed to do so. I expect price to do its normal price action till price hits 1.0900. This area was the powerful demand zone that caused price to finally break resistance of 1.1100 for this year. In this coming week I will be watching closely once price hits 1.0900. If price fails to hold this level then “AOI” (Area of Interest) 1.0800 is very likely, maybe even lower to the trend line we have been seeing these last few months. Also EUR economic numbers have been very low so this to me is a further indicator price will continue bearish. Thanks for taking the time to read and understand.

٢٩ سبتمبر ٢٠٢٤

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Active but updated with better higher TF outlook.