ArmanShabanTrading | Euro Faces Pressure – Bears Eye 1.1712 & Lower

[Arman Shaban]

Re: ArmanShabanTrading | Euro Faces Pressure – Key Supply Zone at 1.1736–1.1762

By analyzing the EUR/USD chart on the 2-hour timeframe, we can see that the price moved with strong volatility in the same range we discussed earlier. It is now trading around 1.175.
Since the price is reacting to the marked supply zone, we can expect more downside movement. The possible targets for this drop are 1.17120, 1.1707, 1.16880, and 1.16720.

#EURUSD #FOREX