EURUSD next target above 1.1000 level
**Monthly Chart**
EURUSD monthly timeframe shows the price is in a narrow range between 1.0700 and 1.1000 which needs to break on either side.
**Weekly Chart**
The price movements looks very clear when you move into a weekly timeframe, although the market is moving in a range. There is a ring high formation as of 25Dec2023 weekly candle, which tested the monthly high and liquidity pool around the MC candle of July 2023 before pushing lower. Currently, the price tested the pin bar of 12Feb 2023, grabbed liquidity, and started moving higher. The next target is expected to be above 1.1000 level.
**Daily Chart**
This week EURUSD moved lower only to grab liquidity after testing 0.886Fib level in the demand zone and pushed the price higher, suggesting a continuation of the bullish trend. Next target will be above 1.10500 level. NFP numbers yesterday (05.04.2024) were unable to push EURUSD lower, although the numbers came good for USD. US Work force adds 303K jobs in March - far more than expected. That's why I am aware of the fundamentals but I follow the technical as it tells the bigger story.
EURUSD monthly timeframe shows the price is in a narrow range between 1.0700 and 1.1000 which needs to break on either side.
**Weekly Chart**
The price movements looks very clear when you move into a weekly timeframe, although the market is moving in a range. There is a ring high formation as of 25Dec2023 weekly candle, which tested the monthly high and liquidity pool around the MC candle of July 2023 before pushing lower. Currently, the price tested the pin bar of 12Feb 2023, grabbed liquidity, and started moving higher. The next target is expected to be above 1.1000 level.
**Daily Chart**
This week EURUSD moved lower only to grab liquidity after testing 0.886Fib level in the demand zone and pushed the price higher, suggesting a continuation of the bullish trend. Next target will be above 1.10500 level. NFP numbers yesterday (05.04.2024) were unable to push EURUSD lower, although the numbers came good for USD. US Work force adds 303K jobs in March - far more than expected. That's why I am aware of the fundamentals but I follow the technical as it tells the bigger story.
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