The 5%ers' Blog

Key Levels For Day Trade On EUR/USD

May 2, 2019 | 12:45 pm | The 5%ers' Blog
May 2, 2019 | 12:45 pm
The 5%ers' Blog

Thursday  02/05/2019

Yesterday, the EUR/USD was dropped down from about 70 pips in about 10 minutes,

This creates a new and fresh supply for day trade above, which is also a Quasimodo level pattern,

after a few higher -lows, the price creates a new lower-low with one sharp move down.

That supply is a great level for sell position and the target will be the demand below which is also a great level for buy position.

Both levels are relevant for day trading.

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