After finding a low at 1.23000 on April 22, the price pushed up to 1.26360 before retracing slightly.
We've now returned to the equilibrium of this push.
A lot of liquidity has been recovered, and the price seems to be reacting upwards.
If the price continues to surge, the next important level to target would be 1.27000.
However, it's also possible that we'll liquidate the 1.24450 area for a second time, in order to get back into the OTE zone before taking off again.
Feel free to subscribe and boost this post if you enjoyed my analysis, and let me know what you think!
Happy trading and a great week :)
We've now returned to the equilibrium of this push.
A lot of liquidity has been recovered, and the price seems to be reacting upwards.
If the price continues to surge, the next important level to target would be 1.27000.
However, it's also possible that we'll liquidate the 1.24450 area for a second time, in order to get back into the OTE zone before taking off again.
Feel free to subscribe and boost this post if you enjoyed my analysis, and let me know what you think!
Happy trading and a great week :)