Sell Opportunity on EURUSD

27 Eyl 2021

Looking at EurUsd, we could notice on the daily charts that ever since we've approached the Monthly Non-Horizontal Resistance Level, we've established bearish market structure. With this being said, it seems the sellers have predominately taken over.

Scoping into the 4H charts, price has just recently broken a significant level of interest and is currently retesting it as potential resistance. If we could identify some bearish sensitivity away from this level, I'll be looking for potential sell orders.