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Thursday, July 01, 2021

✍️ EURUSD: what does the consolidation in the loss zone tell us?

✍️ EURUSD: what does the consolidation in the loss zone tell us?

EUR/USD OANDA:EURUSD

πŸ“Œ Based on Wednesday 30 June trading results, we have consolidated below the market maker's loss level (1.1873).
In case of a successful test of the limit buyer, we expect a rise with targets: balance of the day (1.1858) and market maker loss (1.1873).
πŸ’‘ On breakdown and consolidation below limit buyer level (1.1835) hedge zone (1.1811) is the subsequent downside target.
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