EUR/USD Analysis – 28.May.2024

EUR/USD Analysis – 28.May.2024

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

EUR/USD Analysis: By analyzing the EUR/USD chart on the 4-hour timeframe, we observed that the price initially declined to 1.08130, following the predicted analysis. Subsequently, based on our analysis, it resumed an upward trend. Currently, after several rounds of liquidity accumulation, it is trading around 1.08780. Notably, traders are closely watching the current price level to see if EUR/USD will experience another rejection or not. In my opinion, there is a possibility that the price might first enter the liquidity pool above the 1.08950 level for collecting more liquidity and then potentially undergo a corrective move.
(this post on tradingview)

Author : Arman Shaban

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