GBPUSD is on a correction phase on the daily/weekly time frame in order to continue its bullish run on the weekly/monthly time frame. However, short term/Intraday offers a bearish trend opportunity on the 15mins to 4hrs time frame.
EURUSD is currently on the Premium level of the Daily and 4HRs Time frame. it is currently consolidatimg on the 4hrs A breakout to the upside is likely to take out liquidity before a massive sell off.
However, we expect to see this move during NFP as DXY need a correction for this to happen.
EU. Overall view... DAILY ANALYSIS. We hope to see price retrace back to retest previous breakout from the channel before seeing bullish moves. Currently, price has been rejected twice on the 4hrs tf forming an imperfect double top. However, we need to see a strong bearish pressure represented in a very good healthy bearish Candle below the previous low for a...
EURUSD is currently sitting on a monthly/weekly support zone and has received a price rejection on that zone. we are likely to experience a bullish run up to 1.08000 which is equivalent to 0.382 on Fibonacci retracement level. on the daily chart we already have a bullish order block formation, we expect the bulls to lead the way to mitigate the order block at 1.08000 zone.
