Forex USDINR : New weekly supply zones being created and respected
21st March 2019
Abercrombie & Fitch ANF american Stock short opportunity at weekly supply level
23rd March 2019

EURUSD forex cross pair has started to drop again reacting to weekly supply level in control around 1.1404. Weekly is in a downtrend and there is a lot of room for EURUSD cross pair to keep on dropping even further.

There are new H4 and H1 supply levels being created with weekly supply imbalance in control. New H4 imbalance around 1.1364 and H1 supply zone slightly higher. There is no reason to think of going long on EURUSD cross pair, no matter what the news or fundamentals tell us about it.

In a downtrend, supply zones are created and respected, demand levels are eliminated. Short bias at new supply level son EURUSD forex cross pair.

Alfonso Moreno
Alfonso Moreno
Full time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community. Traveler, photographer and adventurer.

2 Comments

  1. Fred Mmbaga says:

    Thanks for a well explained analysis,,

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