In continuation of my previous article on outlook and tracking movement of EUR/USD for identidfying supply and demand levels. The EUR was making a move in channel (upward) with full cycles been made without shake out maintaining market movement along with momentum. Since then all upwards arrows were matched with downward arrows. Today since the weakness in EUR continued , the channel line been broken indicating more / new supply coming in. Downward arrows indicating that participants have put i…
In continuation of my previous article on outlook and tracking movement of EUR/USD for identidfying supply and demand levels. The EUR was making a move in channel (upward) with full cycles been made without shake out maintaining market movement along with momentum. Since then all upwards arrows were matched with downward arrows. Today since the weakness in EUR continued , the channel line been broken indicating more / new supply coming in. Downward arrows indicating that participants have put i…