EURUSD Monthly S/R Support| Price Action| Trend

Evening Traders,

Today's analysis,

EURUSD - trading towards a key resistance level where a bearish retest is possible,

Points to consider,
- Price Action Corrective
- POC S/R Resistance
- .618 Fibaoncci Resistance
- Bearish OB Resistance
- Low Volume

EURUSD's immediate price action is corrective, the bounce is on low volume and approaching a key trade location with resistance confluence, this allows for a bearish bias.

The resistance is the .618 Fibonacci, POC S/R and a Bearish OB, price action is likely to have a rejection of this level, a reclaim will be a strong bullish sign, invalidating the trade.

The objective is the lower Daily S/R support and the overall Monthly S/R

Price action is to be used upon discretion/ management, hope this analysis helps

remember,

"Amateurs think about how much money they can make. Professionals think about how much money they could lose."

–Jack Schwager.