EURUSD MARKET ANALYSIS

 Good evening traders, it's another week in the markets and I hope you're all ready. Into the markets this week, I am looking at EURUSD where price broke a major H1 & H4 demand zone at 1.07280 & 1.07000 and formed a lower low at 1.06730 by close of the trading week last week. Market opened this week with price rallying back into the broken demand for a retest as a new supply zone. Price rallied deeper into the zone at 1.07300 during London session into NY session. Price formed a fake breakout on H1 & H4 with candle closes above supply followed by a strong drop back into the zone. I anticipate a potential bearish reversal after the retest of the zone. Took sell positions during NY session at 1.07280 with SL at 1.07480. Setup taken is a drop base drop, a continuation setup and my target is at the major H4 & daily demand zone at 1.06100 & 1.05900. 






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