EURUSD MARKET ANALYSIS
Hello traders, I hope you're doing well and you're looking out for potential profitable opportunities in the markets. Into the charts I'm looking at EURUSD where market has been very bullish with price rallying and breaking supply zones on its way up. Price broke a key H1 & H4 supply zone at 1.09115 & 1.08852 and formed a higher high at 1.09640. Price retraced to retest the broken supply as new demand before a continuation of the rally. Price dropped to retest demand at 1.09115 with candle closes above demand on H1. Price slightly consolidated at the zone during Asian session into London session. Price then formed a strong H1 bullish engulfing candle confirming the bullish sentiment. Took buy positions during London session at 1.09200 with SL at 1.08980. Setup taken is a rally base rally, a continuation setup and my target is at the next key H1 & H4 supply zone at 1.10547 & 1.10841.
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