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Thursday, May 13, 2021

✍️EURUSD:what does consolidation below balance of week tell us?

✍️EURUSD:what does consolidation below balance of week tell us?

EUR/USD OANDA:EURUSD

πŸ“Œ Trading on Wednesday, May 12, we have consolidated below the balance of the week (1.2094).
In case of a successful test of the said resistance level , we expect a decline with targets of the balance of the day (1.2072) and market maker loss (1.1994).
πŸ’‘ A breakdown and fixation above the balance of the week level (1.2094) the limit seller (1.2147) is the subsequent upside target.
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