By analyzing the Daily chart of EURUSD we can see that it has been on a bearish run for almost 2 months now, dropping from 1.2083 to to 1.1411! After reaching the Bullish OB, it recovered a bit but dropped again and is now being traded at around 1.1475.
Now, if EURUSD manages to close above the 1.1486 and stabilizes there, we could see a rise to the 1.1549 level, which is the low of the March 9th New Week Opening Gap and is acting as resistance right now.
However, a close below the 1.1486 level could signal further drop for EURUSD, possibly going below the low of 1.1411 to sweep the liquidity there and reach the Bullish OB again.
Now, if EURUSD manages to close above the 1.1486 and stabilizes there, we could see a rise to the 1.1549 level, which is the low of the March 9th New Week Opening Gap and is acting as resistance right now.
However, a close below the 1.1486 level could signal further drop for EURUSD, possibly going below the low of 1.1411 to sweep the liquidity there and reach the Bullish OB again.
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Free channel: t.me/AmirAliTrading_Official
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.