The temporary fall of the euro coincides with rise of the DXY
Dear friends and colleagues, we are at your service with the euro dollar chart in the 4-hour time frame. As you can see, according to the previous analysis, the euro moved as expected and reached the target we specified at 1.08991. Now, entering this area, it has a positive reaction. showed I expect the Euro to move up once again to collect liquidity and I considered 2 scenarios for it:
1: First scenario: it will again reach the resistance ceiling in the range of 1.11100 to 1.11400 and after that we will see a correction. to the strong supply area in this area
2: the second scenario: the bottom of the upward channel that we have drawn will break and reach the 1.07000 range and after that it will start an upward rally. Once the correction is over,
I will be happy to share your comments below this post. Share it
1: First scenario: it will again reach the resistance ceiling in the range of 1.11100 to 1.11400 and after that we will see a correction. to the strong supply area in this area
2: the second scenario: the bottom of the upward channel that we have drawn will break and reach the 1.07000 range and after that it will start an upward rally. Once the correction is over,
I will be happy to share your comments below this post. Share it
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.