Hello traders,
At the moment EUR/USD is trading around 1.16077 and approaching the Fair Value Gap (FVG) zone at 1.16400 – 1.16700. If it fails to break through these levels, the likelihood of a downside correction is high, with the next target at 1.15500. The market is currently showing signs of consolidation and a lack of strong momentum, which suggests price may return to test lower support zones.
Trading volume also indicates that buyers have yet to take full control. With these FVG levels in play, if EUR/USD cannot break higher, a correction may follow.
Stay alert and be prepared for a potential pullback if the pair does not break out convincingly!
At the moment EUR/USD is trading around 1.16077 and approaching the Fair Value Gap (FVG) zone at 1.16400 – 1.16700. If it fails to break through these levels, the likelihood of a downside correction is high, with the next target at 1.15500. The market is currently showing signs of consolidation and a lack of strong momentum, which suggests price may return to test lower support zones.
Trading volume also indicates that buyers have yet to take full control. With these FVG levels in play, if EUR/USD cannot break higher, a correction may follow.
Stay alert and be prepared for a potential pullback if the pair does not break out convincingly!
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Trade like you mean it – because every second matters.
📊 Instant insights.
📬 Precision signals.
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👉🏻Join here: t.me/+jBAj1Jdf4vY1NzM1
📊 Instant insights.
📬 Precision signals.
👨🏫 Real coaching. Real results.
👉🏻Join here: t.me/+jBAj1Jdf4vY1NzM1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.