Well hello folks, hope you are all well. Amirali here with another analysis.
As you can see in the hourly chart of EURUSD, it has been consolidating in the same range for a while now, however it swept away the pool of liquidity below the 1.15270 level and then bounced a bit, reaching 1.1556 level and then dropped, currently being traded at 1.1545.
I expect Fiber to go towards the March 23rd NWOG High and then towards the 1.1578 level to sweep the liquidity above it. After that, there's the strong resistance around 1.1598 to 1.1610 levels and the bearish breaker is there as well. If EURUSD is to go above the 1.1600 psychological resistance, it must break above the resistance very strongly and then stabilize above it.
Now if EURUSD fails at retesting the NWOG, it could drop all the way to 1.1525 and if it fails to keep itself above that level, it could drop back again towards the demand zone which is at around 1.1506 to 1.1514.
As you can see in the hourly chart of EURUSD, it has been consolidating in the same range for a while now, however it swept away the pool of liquidity below the 1.15270 level and then bounced a bit, reaching 1.1556 level and then dropped, currently being traded at 1.1545.
I expect Fiber to go towards the March 23rd NWOG High and then towards the 1.1578 level to sweep the liquidity above it. After that, there's the strong resistance around 1.1598 to 1.1610 levels and the bearish breaker is there as well. If EURUSD is to go above the 1.1600 psychological resistance, it must break above the resistance very strongly and then stabilize above it.
Now if EURUSD fails at retesting the NWOG, it could drop all the way to 1.1525 and if it fails to keep itself above that level, it could drop back again towards the demand zone which is at around 1.1506 to 1.1514.
Transakcja zamknięta: osiągnięto wyznaczony cel
As you can see in the Hourly chart of EURUSD, yesterday it went towards its bearish targets first and then bounced back up majorly, going from 1.15030 to 1.15899 and reached the Bullish targets as well.At the moment it's being traded at 1.1575.
After yesterday's surge, EURUSD started consolidating in the same range and has been in there since yesterday. I expect EURUSD to eventually go towards the 1.1598 to test the bearish breaker and the May 25th NWOG.
However, if it goes below the March 23rd NWOG High and stabilize below there, I expect it to drop towards the 1.1554 and then towards the 1.1549 levels respectively.
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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
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.