EUR/USD : Potential Rebound After Entering Key Demand Zone
Updated
By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that after a significant drop, the price finally entered the demand zone between 1.067 and 1.069. Following the accumulation of liquidity below 1.06740, there was a surge in demand, and the pair is currently trading around 1.06980.
The substantial decline in EUR/USD has created numerous liquidity voids and FVGs that I expect to be filled in the short term. This movement presents potential opportunities for traders to capitalize on the market's volatility. Keep an eye on this pair, as the current dynamics might lead to intriguing price actions soon!
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
The substantial decline in EUR/USD has created numerous liquidity voids and FVGs that I expect to be filled in the short term. This movement presents potential opportunities for traders to capitalize on the market's volatility. Keep an eye on this pair, as the current dynamics might lead to intriguing price actions soon!
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
Note
By analyzing the EUR/USD chart on the 4-hour time frame, we can see that, as expected, after gathering liquidity below the 1.06715 level, the price faced renewed demand pressure. It is currently rising and trading around the 1.07120 range. Based on our analysis, I expect this growth to continue until the identified Fair Value Gaps (FVG) on the chart are filled.
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