EURUSD MARKET ANALYSIS

 Good evening traders, here's a market outlook for EURUSD where price broke below a major level on H4 & daily at 1.09050 & 1.08730 and formed a lower low on H4 at 1.08340. Price then retraced to 1.08700 missing the zone by a few pips then dropped strongly confirming the bearish bias. Took sell positions during London session at 1.08620 with SL at 1.08850. Setup taken is a rally base drop, a reversal setup and my target is at the next major H4 demand zone at 1.07280 & 1.07000.

Price gained strong bearish momentum dropping 70 pips to 1.08000 in strong H4 bearish candles. Price has filled the 1st H4 range from the 1st H4 low to the major H4 supply zone and back to the H4 low. Price has eventually broken the H4 low and formed a lower low confirming the bearish sentiment. I still anticipate a strong bearish continuation with my target being the next major H4 demand zone at 1.07280 & 1.07000.