🔵 EURUSD - Another Fall or Going to Higher targets ?
Updated
By checking the Euro/Dollar chart, as we expected, the price penetrated above the level of 1.09470 for liquidity collection and manipulation, and then experienced a heavy fall to the support area of 1.08585! The efficiency was about +110 pips! After this drop, the price entered the support level that we had determined and we saw how beautifully it reacted to this level and was able to grow again up to 1.09470! Now the price has entered a supply zone in the range of 1.09340 to 1.09650 and if it cannot reach above 1.09650 and stabilize, we will probably see a price correction in this zone !
Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.
Best Regards , Arman Shaban
Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.
Best Regards , Arman Shaban
Note
As you can see, at the beginning of the market, the price was able to correct 13 pips down to 1.09273, and after that, it was again accompanied by demand pressure, and we have to see if it can penetrate above the level of 1.09660 to collect more liquidity today! This analysis will be updated!Note
By re-examining the Euro/Dollar chart, we can see that the price has reacted several times by entering the range that I announced, and we will probably soon see the price grow to higher levels to collect more liquidity! If the price stabilizes above the support level of 1.09440, we can expect the price to maintain its upward trend and hit the targets of 1.10000 and even higher!
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