25/02/2023 EURUSD FULL analysis

00:15 local time (markets are now closed for the weekend)

It is not difficult to see that EURUSD will continue the current downmove against the DM longies. It will take their STS and then maybe even the LTS.

The DM will continue to trade “failed reversals” while the SM will push the market further down, out-of-range.

For EU to do an upmove, DM shorties (red bars) would need to come in (note that these then sold at very expensive prices) and this would need to lead to a proper DM switch. Without that, the SM has no reason to stop the current stop-hunt.



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