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 in fresh shorts below channel line thus biasing the trade in short direction. A quick cover will have a different story. Let see how and what happens, I will keep every movement posted with taking position on live as we all demo accounts.
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