FX.co ★ EUR/USD

Hello traders ! Have a great weekend and a good mood. The trading instrument is EUR/USD. Daily timeframe. Currently, the price is moving in a short trend, experiencing quite a heavy bearish movement, as the price has already moved significantly into the short territory. This is indicated by the fact that after breaking below the level zone of 1.14124, the price showed a prolonged long, an extremely aggressive bullish long. However, it was not strongly supported by buyers. As a result, the price continued its short movement along the trend. At the moment, there are no bulls in the market, and there are not many bears either. The price is essentially stuck and there is no significant short movement. The price is stagnant.

4-hour timeframe. The price has been in a short trend for three days and cannot break below the key zone of 1.15057. The tension is high, as the price does not want to go either short or long. This situation suggests a possibility that the price may attempt a north retest. The form this will take is unclear; it could be a gap up at market open, or it could be some sort of northward test. After this test, there will be a better understanding of the situation. There is a likelihood that after this test, the price will continue its short movement, which makes sense since there is no strong long. With no bulls present, the price will likely fall in the short term. But then why are there no further shorts? This indicates that bears want to push the price up to sell at a higher price. That's my assessment.