The euro dollar is moving in a sideways direction. We expect a drop from the selling liquidity resistance area at 1.1345 levels, to target the purchasing liquidity support area at 1.1222 levels, from which it is expected to form the bottom of the week.
But in the event that the four-hour candle closes above the level of 1.1374, we expect the rise to continue and target the selling liquidity resistance area at 1.1467 levels, from which we expect the week’s top to form.
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