EUR/USD : Big Fall Ahead ? (READ THE CAPTION)

By analyzing the EUR/USD chart on the 4-hour timeframe, we see that the price has started to rise exactly as we expected. It fully filled the first FVG and even about 50% of the second FVG. The overall return of this analysis has been over 85 pips. Currently, the Euro is trading around 1.072 and might start a further correction from this level. The 1.07380 to 1.07620 range is an important supply zone and should be closely monitored.

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Comment:

By analyzing the EUR/USD chart on the 4-hour time frame, we can see that after the last analysis, the price managed to drop to the desired level and then faced demand again. As you can see now, the price has reached the supply zone of 1.074 to 1.076, and I expect it to be rejected from this zone soon.

Comment:

By analyzing the EUR/USD chart on the 4-hour timeframe, we see that, as expected, this currency pair has started to decline. With a return of over 30 pips, it is currently trading around the 1.07140 level. I still expect further downward movement in the price. I hope you found this analysis helpful!