EURUSD MARKET ANALYSIS

 Hello traders, here's another outlook I have on EURUSD where price retraced back to the key H1 & H4 supply zone at 1.10390 & 1.09939 which is the origin of the previous drop to the H1 & H4 low at 1.09200. Price has filled the H1 & H4 range from the key H1 & H4 supply zone to the H1 & H4 low and back to the key H1 & H4 supply zone. Took sell positions during London session at 1.09821 with SL at 1.10080 as price missed my pending sell limit orders at 1.09950 with SL at 1.10250. Setup taken is a rally base drop, a reversal setup and my target is at the H1 & H4 low at 1.09200 before price either reverses or breaks and continues with the drop.

Price dropped 20 pips to 1.09690 then retraced back to supply after which the market started forming choppy price action hence closing out my positions and waiting for tomorrow for better structure to take trades.