In this analysis of the EUR/USD currency pair, I have meticulously identified key market zones and potential price movements:
Resistance Zone (1.1800 - 1.1850):
A critical level where previous upward momentum faced rejection, indicating strong selling pressure.
Support Zone (1.1400 - 1.1450):
A solid base where buyers have historically stepped in, preventing further decline.
Fair Value Gaps (FVG):
Lower FVG (1.1450 - 1.1500): The market is expected to fill this imbalance first as part of its natural price action.
Upper FVG (1.1650 - 1.1700): Once the lower gap is filled, the price is likely to push upward to fill this imbalance.
Projected Movement:
The price is currently consolidating, suggesting a potential downward move to fill the lower FVG. Following that, a bullish surge toward the upper FVG is anticipated.
By leveraging these insights, traders can strategically position themselves for optimal entry and exit points.
Resistance Zone (1.1800 - 1.1850):
A critical level where previous upward momentum faced rejection, indicating strong selling pressure.
Support Zone (1.1400 - 1.1450):
A solid base where buyers have historically stepped in, preventing further decline.
Fair Value Gaps (FVG):
Lower FVG (1.1450 - 1.1500): The market is expected to fill this imbalance first as part of its natural price action.
Upper FVG (1.1650 - 1.1700): Once the lower gap is filled, the price is likely to push upward to fill this imbalance.
Projected Movement:
The price is currently consolidating, suggesting a potential downward move to fill the lower FVG. Following that, a bullish surge toward the upper FVG is anticipated.
By leveraging these insights, traders can strategically position themselves for optimal entry and exit points.
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📈 For More Setups & Updates —
🚀 Join our Telegram Channel!
👉 t.me/+vWVmX9cov69kNTU1
Step Into the Winners' Circle — Join Our VIP Signals Group Now!
t.me/+nnIo1DeoMLE5NjY0
🚀 Join our Telegram Channel!
👉 t.me/+vWVmX9cov69kNTU1
Step Into the Winners' Circle — Join Our VIP Signals Group Now!
t.me/+nnIo1DeoMLE5NjY0
Related publications
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.