EURUSD Becoming Oversold

Good evening traders,

TopRatedFX here with another analysis to help bring a clear outlook on the markets, let's jump right in!
EURUSD has made a significant move to the downside (111) pips. There has not been a significant
retracement on this entire move. The pair is also approaching a major intra-day support level at 1.10685.

Looking at this pair you can also see that it has been in an upward trending market. I have marked off all
of the Higher Lows with arrows showing this structure. I believe this pair can potentially come to the support
zone of 1.10685 before actually making the next corrective move to the upside. At that point the market would've
gone 135 pips without any type of retracement plus a major support. This is great and exactly what we would
want to see for a nice risk reward trade setup.

I am currently holding positions from the point we are at right now, and plan on adding more positions as the
market pushes lower if it does.

You can check out all of my trade setups on telegram here: https://t.me/joinchat/AAAAAFfvQRlRGCaA-ptLPw

Happy trading! :)

This is not financial advice. Trading involves risk to capital.