EURUSD is again approaching a key support zone, where previous resistance had turned into support.
Historically, we have seen two important reactions from this area:
- Scenario 1: Price respects the support zone, reacts bullishly, and moves back toward the current resistance.
- Scenario 2: Price breaks below the support, continues bearish, and potentially moves toward the bullish FVG below, where we could see another reaction.
- The interesting part is whether the market will repeat its previous price behavior or create a new structure. 🤔What is your bias on EURUSD from this structure .Will history repeat, or will price break the support and fill the bullish FVG?