EURUSD long (Supply Demand, DXY)

2019-11-25 14:54:30

EURUSD is right now at a level of Demand. Right below we have a Support Zone. The only question right now is if the Demand Zone will push the price up or if we can break it. So these would be the 2 scenarios. Also check out the DXY because they are negative correlated. If DXY goes down then EURUSD will push higher. So keep that in mind and trade carefully.

2 Scenarios:
1) Push from the Demand Zone
2) Break of the Demand Zone

Opinion:
- My personal opinion is long for EURUSD but we will see. I will UPDATE the analysis if necessary. The key levels and Zones are valid so now just look for price action as a confirmation for entering the Trade.

Before entering the Trade wait for confirmation. Like price action, candlestick patter, ...

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