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Thursday, June 03, 2021

✍️ EURUSD: What does consolidation above weekly balance tell us?

✍️ EURUSD: What does consolidation above weekly balance tell us?

EUR/USD OANDA:EURUSD

Over the past 24 hours, the weekly marketmaker balance test (1.2167), which we saw in yesterday's trading idea as potential support, successfully worked out.
πŸ“Œ By the trading results of Wednesday, June 3, we have consolidated above the current weekly balance for today (1.2198).
If we successfully test the limit buyer level (1.2176) we expect a rise with intraday targets: balance of the day (1.2232) and limit seller (1.2271).
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