Euro / U.S. Dollar
Short
Updated

EUR/USD: Possible Fall Ahead? Let's See! (READ THE CAPTION)

863
Upon reviewing the EUR/USD chart on the 3-day timeframe, we can see that following a sharp decline in the Dollar Index (DXY), the pair experienced a bullish move, reaching the 1.15 supply zone. If the price manages to stabilize and close below the 1.15–1.17 area, we can anticipate a further drop in EUR/USD to fill the created Liquidity Void (LV). This analysis will be updated accordingly.

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Trade active
By analyzing the #EURUSD chart on the 3-day timeframe, we can see that, as expected, the price began to drop from the highlighted level and fell over 260 pips, closing at 1.13. Currently, EUR/USD is trading around 1.138, and as long as the price remains below 1.14, we can anticipate a potential continuation of the downtrend.

snapshot
Trade closed manually
By analyzing the #EURUSD chart on the 3-day timeframe, we can see that the price is currently trading around 1.14. I expect a brief upward move, followed by a deeper correction. The potential downside targets for this move are 1.128, 1.11480, and 1.10, respectively.

snapshot

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