Well Hello folks, good morning, hope you are all well. Amirali here with another analysis on EURUSD.

As you can see in the 4H chart of EURUSD, it broke above the Supply Zone last week, had a drop back inside the supply zone and then bounced back up again, going as high as 1.1558, above the FVG C.E. which is located at 1.1551 level. Currently, EURUSD is being traded at around 1.1535 level.

Now, considering the geopolitical tensions easing out a bit, with President Trump stopping attacks on Iran in the weekend, saying that the IR wants a deal, we could see a short-term upwards move for EURUSD, first target being at above the 1.1558 level to sweep the minor buyside liquidity there. Then, if EURUSD manages to stabilize above the FVG C.E. at 1.1551 level, we could see a move towards the 1.1581 level and then towards the 1.16 psychological resistance level.

However, if Fiber fails at retesting the C.E., it could drop to the 1.1520 level and then 1.15 psychological support level. Fiber dropping below 1.15 level will send it towards the 1.1455 and 1.1434 levels respectively, to sweep the liquidity pools below them.