EUR/USD Analysis – 20.May.2024
EUR/USD Analysis: Upon reviewing the EUR/USD chart on the 4-hour timeframe, we observe that the price, after accumulating liquidity above 1.08860, underwent a correction. Currently, the price is re-entering the Bearish Order Block ahead and we are still witnessing an IMBALANCE or FVG prior to the specified order block. This fact significantly increases the importance of this order block for us, and potentially, by capturing a suitable trigger, we could engage in an attractive SELL position!
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Author : Arman Shaban
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