EURUSD MARKET ANALYSIS

 Hello traders, it's another amazing week that signifies the end of the month of May which had many opportunities in the financial markets. Into the markets today I am looking at EURUSD where price rallied to a key H1 & H4 supply zone at 1.09050 & 1.08730 which was the origin of the previous major drop to the major H4 & daily demand zone at 1.06130 & 1.05890. Price filled the major H4 & daily range from the H1 & H4 supply zone to the H4 & daily demand zone and back to the key H1 & H4 supply zone. Price rallied into the zone and formed rejection wicks with candle closes inside supply on H4 followed by a drop in a constant push away from supply. Price dropped 80 pips to the 1st H4 low at 1.08100 then retraced back to supply. Price rallied back to supply then formed rejection wicks with candle closes inside supply on H4 followed by a strong drop. Took sell positions during London session at 1.08730 with SL at 1.09040. Setup taken is a rally base drop, a reversal setup and my target is at 1.07260.







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