EUR/USD order block zone: The price is at the crossroads
|EUR/USD technical analysis
-
EUR/USD is close to the ordering block zone.
-
It will be either a bounce or a drop.
-
1.1770 is an upside target.
-
1.1538 is a downside target.
1. Order block zone.
2. Trend line breakout.
3. Order block breakout.
4. Upside target.
5. Downside target.
The price is on the verge of a possible move up or down. We can clearly see the structure here which is showing us possible move up or break of the trend line lower. The EUR/USD is still bearish and this looks like a retracement. If the market starts to drop on H4/D1 timeframe we should definitely see the move down in the main trend direction. The target for the move up is 1.1770 and for the move down it's 1.1538. Watch for price action today.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.