EUR/USD: zones are plotted. Time to monitor before executing!
As the current structure stands, we are shifting our bias towards bears for the upcoming period of time.
The price has been able to bounce off the 1.068 - 1.069 area of support and is making its way to the 2 important recently penetrated key zones plotted on the graph:
1.086 area of resistance that lines up with the lower barrier of the portrayed channel and the 50% Fibonacci retracement level drawn from the top of the impulse
and
Fresh support now turned into resistance of the 1.08 key zone that aligns with the 38.2% Fibs.
Now, we wait for the price to approach the highlighted zones and match our entry criteria before we execute and look into riding the trend continuation.
The price has been able to bounce off the 1.068 - 1.069 area of support and is making its way to the 2 important recently penetrated key zones plotted on the graph:
1.086 area of resistance that lines up with the lower barrier of the portrayed channel and the 50% Fibonacci retracement level drawn from the top of the impulse
and
Fresh support now turned into resistance of the 1.08 key zone that aligns with the 38.2% Fibs.
Now, we wait for the price to approach the highlighted zones and match our entry criteria before we execute and look into riding the trend continuation.