Hello Traders, Price action suggest more downside and a retest of the monthly support level 1.142-3. We come back for a retest to 1.152 or 1.154 4Hr Zones, but we already did on Friday March 27th. We may also drop straight into the abyss , first sell target 1.1484 Structural liquidty price and then 1.145 Daily support level. For us to psuh past the monthly level 1.142, there will need to be continued Iran Escalation. EUR is being hit hard recently because it's a currency that enjoys certainty. The Iran conflict defintely is not very encouraging in that regard.
أغلقت الصفقة: تم الوصول للهدف
" We come back for a retest to 1.152 or 1.154 4Hr Zones, "We indeed got a retest at 1.152 and there was a really good risk reward opportunity traders!
ملاحظة
Now that we have tapped into the Daily Level, 1.145, we have seen a bounce, as also noted in the analysis. Price now doesnt necessarily have to continue down to the lower bound of the range 1.141,Monthly support level.. we may range om the 1hour timeframe for a bit , until wednesday/thursday and then see a continuation to 1.141 or see a continued bounce off the daily support level to 1.154ملاحظة
We followed through on one of our scenarios, earlier than expected. Price has indeed bounced off the daily support level 1.145 , back up to our other daily Support/Resistance Level 1.154. If the Daily candle closes sild body candle here, its realistic to anticipate a continuation to 1.1576 Weekly Level and maybe after a day of consolidation, a move up to 1.161 Daily resistance level
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.