EUR/USD is now ready to move downward. The market has already cleared out all the liquidity above, which suggests that it's now in the mood to drop. Earlier, on the 4-hour timeframe, the market had formed a bullish Fair Value Gap (FVG), but that has now been broken to the downside.
Currently, there are chances that the market might touch the imbalance (iFVG) before continuing its fall. Keep an eye on that level and observe how the market reacts there. It could be an important zone.
Do Your Own Research (DYOR)! This is not financial advice.
Currently, there are chances that the market might touch the imbalance (iFVG) before continuing its fall. Keep an eye on that level and observe how the market reacts there. It could be an important zone.
Do Your Own Research (DYOR)! This is not financial advice.
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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.