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Alifari has taken 2nd place in Fundamental analysis Contest Sep 2018, week 2

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Alifari has taken 2nd place in Daily Stock Options Jun 2015

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DAY 1 - EURUSD ANALYSIS

EURUSD price structure in last few weeks remain interesting. We saw a fake out of resistance level at 1.2070 and price moved down with momentum and after a bullish retracement we have seen a lower high and lower low structure. Price is currently ranging around Daily demand zone between 1.1720 to 1.1750. However, it is below an important support level, which could act as resistance on the retest.
As such I would be looking for bearish price action on lower time frames to enter short trade on this…
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