EUR/USD Overview.
This analysis of the EUR/USD 4-hour chart shows a key supply zone around the 1.12027 level, where previous selling pressure pushed prices lower. The price is currently consolidating below this zone after a break of structure (BOS), which indicates a potential shift in market direction. The supply zone remains significant as the market might revisit it, where sellers could re-enter and halt the upward movement.
Before this move upward, there's a marked liquidity area around the 1.11117 level. It's likely that the price will dip slightly below this area to sweep liquidity (triggering stop-loss orders) before reversing.
After the liquidity sweep, the price is expected to rise sharply towards the supply zone, making 1.12027 a key target. Traders may look to enter long positions with a stop loss slightly below 1.11044 to manage risk, aiming for a profit at the supply zone.
EURUSD
Before this move upward, there's a marked liquidity area around the 1.11117 level. It's likely that the price will dip slightly below this area to sweep liquidity (triggering stop-loss orders) before reversing.
After the liquidity sweep, the price is expected to rise sharply towards the supply zone, making 1.12027 a key target. Traders may look to enter long positions with a stop loss slightly below 1.11044 to manage risk, aiming for a profit at the supply zone.
EURUSDTrade closed: stop reached
Market stoped us out
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