EUR/USD – Reacting To Daily Demand
EUR/USD has begun to react to the demand zone found on the daily chart.
A drop beyond the lows was seen this morning although the market made a sudden move up soon after the low was broken, a small pullback then followed which ended with another drop which broke the low made by the previous move down.
Now we are stating to see some bullish price action, this could be a sign of an impending move higher, we must wait until the current swing high gets broken before placing any long positions.
USD/JPY – Engulfing Pattern ?
The supply zone which I talked about looking for a trade entry yesterday didn’t work out as planned.