Is EUR/USD ready to return to the highs?

2023年9月9日

On the EUR/USD pair, we have a bearish setup with the price currently located around 1.07, between two potential reversal zones, one supply and one demand. Both of these zones are clearly marked on the chart, and we can see how the price has used them during the week to change its bias. The biggest issue is that the price is within a significant buy order block zone, which is highly potential for buying. The price has reacted to recent news, and the economic sentiment is returning to the price levels of June 2023. Consequently, my view remains highly bullish. Wishing you good trading and a pleasant weekend!