EURUSD - P wave

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The EURUSD is in an extended P wave. After forming a double top in August/September 2024 , price has moved 4 points lower.

The RSI suggests price is near a low , as it has printed within the OS zone.

However, price may well fall lower and test or break the supporting trendline.

Liquidity zones are at 1.0770 and 1.0660 , which are the nearest swing lows of the prior impulsive leg.

For next week, the bias is short to 1.0770.

Feragatname

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