By examining the hourly chart of EURUSD we can see that ever since today's open, Fiber has been on a bullish run, going from 1.1693 all the way to 1.1777, going through all of the NWOGs and NDOGs on its way, and after a small correction, it is now being traded at 1.1773.
I expect EURUSD to go for the liquidities above the current price at 1.1785 and 1.1791 levels respectively. After the liquidity sweep, if EURUSD manages to go and stay above the March 2nd NWOG C.E. at 1.1793, we could see it going higher towards the 1.1808, 1.1817 and 1.1827 resistance levels.
However, if EURUSD drops hard after the liquidity sweeps, it can go as low as 1.1768 and then to below the 1.1750 level.
Considering the news that is coming from the US and IR, it seems the war is about to be announced "over", and because of that, USD is dropping in value in comparison to EUR, GBP and Gold.
I expect EURUSD to go for the liquidities above the current price at 1.1785 and 1.1791 levels respectively. After the liquidity sweep, if EURUSD manages to go and stay above the March 2nd NWOG C.E. at 1.1793, we could see it going higher towards the 1.1808, 1.1817 and 1.1827 resistance levels.
However, if EURUSD drops hard after the liquidity sweeps, it can go as low as 1.1768 and then to below the 1.1750 level.
Considering the news that is coming from the US and IR, it seems the war is about to be announced "over", and because of that, USD is dropping in value in comparison to EUR, GBP and Gold.
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Free channel: t.me/AmirAliTrading_Official
Wanna join the Gold, Forex and Crypto Premium channel? Contact me: t.me/Amirali_Trading
Wanna join the Gold, Forex and Crypto Premium channel? Contact me: t.me/Amirali_Trading
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.