EURUDS is stuck between the daily supply zone and the daily demand zone.
What is certain is that one of the two is fake.
If it rises above the daily supply zone and gains support, a daily upward wave of the daily bullish pattern will follow.
In particular, there is a 4-hour demand zone above the daily demand zone, which is the most important psychological support line around 1.0. Therefore, it is necessary to find support in this 4-hour demand zone and form an uptrend to increase the likelihood that the uptrend will continue. Therefore, this area is the last buy opportunity. Conversely, if you don't find support here, you test the daily demand zone below 1.0, and even if it rebounds, the possibility of a decline increases as the around 1.0 can be a very strong resistance line.
If a daily rising wave appears, the weekly correction of the A-B-C structure becomes an extended pattern, so it may be extended to the monthly correction process.
Conversely, if a daily downtrend appears, a weekly downtrend drawing a weekly correction trend line continues, and the decline may continue until it finds a bottom again.
What is certain is that one of the two is fake.
If it rises above the daily supply zone and gains support, a daily upward wave of the daily bullish pattern will follow.
In particular, there is a 4-hour demand zone above the daily demand zone, which is the most important psychological support line around 1.0. Therefore, it is necessary to find support in this 4-hour demand zone and form an uptrend to increase the likelihood that the uptrend will continue. Therefore, this area is the last buy opportunity. Conversely, if you don't find support here, you test the daily demand zone below 1.0, and even if it rebounds, the possibility of a decline increases as the around 1.0 can be a very strong resistance line.
If a daily rising wave appears, the weekly correction of the A-B-C structure becomes an extended pattern, so it may be extended to the monthly correction process.
Conversely, if a daily downtrend appears, a weekly downtrend drawing a weekly correction trend line continues, and the decline may continue until it finds a bottom again.