EURUSD Daily
After the negative numbers on NFP last Friday, EURUSD fired up on massive volume, and is now getting to the point of previous distribution. A lower timeframe will show the recent picture more clearly.
EURUSD H4
On H4 we see that there is some supply at this price level, but with the massive buying on NFP that took place, I expect major players to be still supporting an up move, until they can sell more of their positions – there is still room on the upside to go.
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