1D - On the daily timeframe, we are also in a bullish context similar to the weekly timeframe. Starting from Friday, it's evident that the large FVG will need to be filled by the price eventually. I anticipate this to happen in the first half of the following week, followed by a continuation of the bullish movement.
Trade closed: target reached
#EURUSD UpdateGood afternoon,
Due to the aggressive fulfillment of key targets, I find it important to update my view on the current situation.
On 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.