EUR/USD : The Price Will Fall ? (READ THE CAPTION)

٤ أغسطس

By analyzing the #EURUSD chart on the 4-hour time frame, we observe that on Friday, the price reached the Bearish Order Block around 1.09240 and finally showed an initial negative reaction after a significant upward movement. The last traded price in EURUSD was 1.09097, and if the price can stabilize below this critical resistance level, we might see a price drop to fill the liquidity void created by this rise. This analysis will be updated accordingly.

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban

٧ أغسطس

ملاحظة

By examining the EUR/USD chart in the 4-hour timeframe, we observe that after an initial reaction to the desired level, the price rose again and penetrated above 1.10 in a powerful move to gather liquidity. Following this, it underwent a correction and is currently trading around the 1.092 level. We need to wait for strong signs of either a rise or a fall before making our next move. At present, the price is being supported at the current range, and for further decline, we should wait for a break below 1.0830.