EURUSD Analysis – 31.Dec.2023

EURUSD Analysis: With the new review of the Euro/Dollar chart in the 12-hour time frame, we see that the price has fallen after entering the specified supply zone, and the close price of last week is 1.10375! The important supply zones are 1.10840 to 1.11400, 1.11495, 1.11930 and 1.12270 to 1.12800 respectively! The demand ranges are 1.10200, 1.09780, 1.08890 and 1.07720 to 1.08030 respectively! I expect that the first price will fill the liquidity void with a growth up to 1.10970 and then it will be accompanied by a further fall! Currently, the short-term view is bearish, but I expect that the old FVG will be filled in the range of 1.11490 to 1.11930 soon! This analysis will be updated!
(this post on tradingview)

Author : Arman Shaban

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