Description
EURUSD price is continue to decline in the discounted Zone and key support and Fib level, after the pullback into the $1.12765 Zone. This level is now the Lower High and Premium Price Zone for market structure. Some short term buy and sell from the $1.12765 & $1.1160 can be considered respectively. A lower low at $1.1160 is marked recently and bearish trend may continue next week.
Key Levels
The key resistance Block is available at $1.138 - $1.140 level. Sellers can be activated at this level, hence short bids can be considered in this range. In Short Term Internal Sellers Block is Available at $1.13240 level.
Main Scenario: Open Short positions at the Key resistance area of $1.138 - $1.140.
Alternate Scenario: Open Long positions at the break of Lower High at $1.12765 Take Profit : $1.13710.