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Wednesday, May 05, 2021

🌐 EURUSD: The week's balance sheet unwinding continues.

🌐 EURUSD: The week's balance sheet unwinding continues.

EUR/USD OANDA:EURUSD

⚠️ Over the past 24 hours, the market maker's highest net profit level has declined dynamically from 1.2010 to a quote of 1.2000.
The nearest resistance for today is the 1.2048-1.2055 price range, where the premium level of the hedger resistance zone and the limit seller is located.
πŸ’‘ The main scenario for Wednesday, May 5, is a successful test of the mentioned resistance and subsequent decline to the close of the day with the target,- balance of the week (1.2000).
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