Daily Fixation below 1.3870 gathered significant bearish pressure enough to push towards the recent Demand Zone around 1.3700-1.3730.
Thus, the EUR/USD pair established a new SUPPLY level at 1.3845. It rejected the bulls on March 24 strongly so any further visits should be considered for SELLING.
At the end of the previous week, there has been an Intraday Demand level expressed at 1.3700 which paused the recent slide off 1.3965.
The Price level of 1.3820 corresponds to previous significant tops. Thus, fixating below it applies bearish pressure on the pair and vice is versa.
Four-Hour candlestick fixation above 1.3800 signals a temporary bottom that will target at 1.3845 initially.
The Price zone of 1.3830-1.3850 remains a significant supply zone. It provided a valid SELL entry at the previous retesting on March 24.
On the other hand, failure to fixate above 1.3790 will expose the recent low established at 1.3700.
Four-hour candlestick fixation below which opens the way towards lower lows to be visited at 1.3640 and 1.3580.
