EURUSD MARKET ANALYSIS UPDATE

 Good evening traders, here is another read for your fine and chilly evening so grab your coffee and lets get to it. Into the markets today I am looking at EURUSD which has been on quite a downtrend with a bit of slow volume. Price formed multiple candle closes above supply then retraced back into the zone. Price gained strong bullish momentum rallying higher at 1.07600 hence hitting my SL and invalidating my setup. Price formed multiple candle closes above the zone hence taking out my positions twice. Price then dropped back into supply and formed candle closes below supply at 1.06890. Price then retraced back to supply and formed multiple candle closes above supply again at 1.07400. 
Markets opened this week with price forming consolidations above supply with multiple candle closes above supply. Price dropped back into supply by a strong H4 bearish engulfing candle with candle closes at 1.07000. My bias still remains bearish with my target being at the next H4 demand zone at 1.06140 & 1.05900.

Price dropped by a constant push away from supply dropping 70 pips to 1.06730, forming a lower low with candle closes below supply. Price then retraced back into supply at 1.07250 forming a lower high on H4 with candle closes inside supply. Setup taken is a drop base drop, a continuation setup and my target is the next H4 demand zone at 1.06130 & 1.05900.