After a massive drop to the downside, EU is currently retracing to balance price action. the push to the upside would likely continue to 0.99500 or 1.00000 which aligns with our weekly supply zone and trendline. There is high possibility for EU to drop from that zone with 0.95000 as target.
EURUSD has shown great momentum towards the downside in the past few weeks.. Price action currently is bearish this creates high potential for price to take out the previous low as we have liquidity resting below.. we may see a sell to 1.07000 level
Based on orderflow, we can see that there's a draw on liquidity to the downside.
GBPUSD has shown great bulluish momentum this week which i see as liquidity hunt.
haven broken its last hourly high, we may see a retracement towards the shaded zone and then a possible surge towards 1.36500 zone.
haven successfully ridden into our 1.14000 zone and also grabbing liquidity above the previous highs, we may see a retracement to 1.13500 or more as we have some imbalances and liquidity resting in that zone.
we will be watching price action from 1.14000 zone.
price has broken the last hourly high and this signifies bullish willingness to push price higher. since the bulls are showing willingness, we may see a push to 1.14000 or more after the retracement to my shaded point of interest.
