By analyzing the EUR/USD chart on the 2-hour timeframe, we can see that the price is currently trading around 1.172. I expect to see more downside movement soon.
The key supply zone is between 1.17360–1.17620, and if the price retests this area, we should watch closely for reactions. The possible downside targets are 1.17120, 1.1707, 1.16880, and 1.16720.
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 key supply zone is between 1.17360–1.17620, and if the price retests this area, we should watch closely for reactions. The possible downside targets are 1.17120, 1.1707, 1.16880, and 1.16720.
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
Trade active
By analyzing the EUR/USD chart on the 2-hour timeframe, we can see that the price moved with strong volatility in the same range we discussed earlier. It is now trading around 1.175.Since the price is reacting to the marked supply zone, we can expect more downside movement. The possible targets for this drop are 1.17120, 1.1707, 1.16880, and 1.16720.
Trade closed: target reached
By analyzing the EUR/USD chart on the 2-hour timeframe, we can see that the price dropped as expected and almost hit the 1.17120 target.Currently, it is trading around 1.174, and I still expect more downside movement soon. All other points from the previous analysis remain valid.
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📘 Wanna Learn ICT & SMC? Get the Full Book Here : bit.ly/ICT-BOOK
⚜️ Free Telegram Channel : telegram.me/PriceAction_ICT
⚜️ JOIN THE VIP 👉 t.me/ArmanShabanTrading
🚀 MondFX — our trusted Broker : bit.ly/MondFx
⚜️ Free Telegram Channel : telegram.me/PriceAction_ICT
⚜️ JOIN THE VIP 👉 t.me/ArmanShabanTrading
🚀 MondFX — our trusted Broker : bit.ly/MondFx
Related publications
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.
