18-5-2020 - 4H EU - Monday Analysis

On last week, Price has rejected the 70.5 level on the 4H Fib Short which has confluence with the Institutional Level 1.08506 and the 4H Resistance Zone. Following the Asian open, Price has been slowly edging higher as it continues to consolidates within a range with the EMA going flat. I'll be looking for a breakout of the range before forming a clear Bias on the direction of the market.

Bias = Neutral
Structure = Ranging
Setup = No