EURUSD / UNDER FOMC PRESSURE / 4H
EURUSD / 4H TIME FRAME
HELLO TRADERS
The price has declined by 60% after breaking out of a channel .
Currently, the price is approaching a demand zone between 1.093 and 1.091. This zone is where buyers may step in, stabilizing the price.
If the price stabilizes within this demand zone, it is expected to bounce up to the FVG between 1.098 and 1.102. The FVG represents a gap in the price where there was little trading, which often acts as a price target for retracement.
If the price breaks through the FVG, it could rise further, targeting the supply zone between 1.105 and 1.108, where sellers may re-enter the market and apply downward pressure.
On the downside, if the price fails to hold in the demand zone (1.093 to 1.091), it may decline further to another liquidity or demand zone around 1.088, where buying interest could once again materialize.
Supply Zone : 1.105 and 1.108.
Demand Zone : 1.093 and 1.091.
FVG : 1.098 and 1.102.
HELLO TRADERS
The price has declined by 60% after breaking out of a channel .
Currently, the price is approaching a demand zone between 1.093 and 1.091. This zone is where buyers may step in, stabilizing the price.
If the price stabilizes within this demand zone, it is expected to bounce up to the FVG between 1.098 and 1.102. The FVG represents a gap in the price where there was little trading, which often acts as a price target for retracement.
If the price breaks through the FVG, it could rise further, targeting the supply zone between 1.105 and 1.108, where sellers may re-enter the market and apply downward pressure.
On the downside, if the price fails to hold in the demand zone (1.093 to 1.091), it may decline further to another liquidity or demand zone around 1.088, where buying interest could once again materialize.
Supply Zone : 1.105 and 1.108.
Demand Zone : 1.093 and 1.091.
FVG : 1.098 and 1.102.
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