Strong Possible Reversal for EUR/USD Daily Chart

26 Mar 2017

Entering this week we have a strong possible reversal for Eur/Usd. Reason being price has entered a strong Supply Zone on the daily. Last time price was in this range back in January it made a strong bearish trend all the way to 1.04. If price can break trendline and close around 1.07600-500 and look to sell to at least 1ow 1.06-to high 1.05. That would be the next demand zone based off the daily. If price breaks above this current supply zone 1.08300 we can see a further bullish trend to 1.09500-1.11. Wait for price to break and close below trendline for sell.