On the weekly timeframe, there have been no significant updates. After the context changed to bullish at the beginning of July, we experienced a corrective move aimed at filling the FVG below. On Friday, the price was able to recover. The targets remain the same as I marked on the chart.
Trade closed: target reached
#EURUSD UpdateOn Monday, the price aggressively reached one of the key targets, after which a corrective movement began. Most often, after hitting such critical zones, the price enters a correction phase. The price always tends to balance through deviations, At the moment, I see two zones from which we might get a reaction for a continuation of the long positions: 1.086 and 1.078.
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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.