ForexKingTradingGroup

ForexKingTradingGroup

On the 4-hour chart, we're observing a persistently bearish trend that has methodically captured all the liquidity levels above the current price. This downward movement is quite notable. Directly beneath the current market position, we see the formation of equal lows, which are now acting as a significant attractor for the price, almost like a magnet drawing it...

ForexKingTradingGroup

It appears that the EUR/USD could have reached its low point for the year, suggesting the possibility of an upcoming upward movement. A weekly reversal seems likely! 📈 As we closely monitor the charts, several factors indicate that the euro might be poised for a comeback. The recent price action shows signs of stabilization, and key support levels are holding....

ForexKingTradingGroup

EUR/USD pullback to 61.8 fib retracement, then continue the upward trend to weekly resistance.

ForexKingTradingGroup

Based on the upward momentum, expect to see more movement to the upside to start the trading week.