EUR/USD 4H Chart - Strong Demand Zone & Possible Reversal Setup
In this 4-hour EUR/USD chart, we see the price approaching a significant Strong Demand Zone, which could act as a major support level. The market has been in a downtrend, but a potential reversal is indicated once the price interacts with this zone. The price may consolidate before pushing upwards through the resistance levels marked on the chart.
I anticipate a bullish move once the market finds stability in the demand zone, with the price action potentially heading toward the upper resistance levels around 1.10 and 1.11. If we see a breakout above these levels, it could signal further bullish momentum.
Let’s keep an eye on how the price reacts within this demand zone for potential entry opportunities!
In this 4-hour EUR/USD chart, we see the price approaching a significant Strong Demand Zone, which could act as a major support level. The market has been in a downtrend, but a potential reversal is indicated once the price interacts with this zone. The price may consolidate before pushing upwards through the resistance levels marked on the chart.
I anticipate a bullish move once the market finds stability in the demand zone, with the price action potentially heading toward the upper resistance levels around 1.10 and 1.11. If we see a breakout above these levels, it could signal further bullish momentum.
Let’s keep an eye on how the price reacts within this demand zone for potential entry opportunities!
Note
Will let you know where I enter LONG position!Note
Waiting for reversal confirmation!! $$$ done!!!Note
Still, we have eyes on EU!!
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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.