EUR/USD price movement, June 17, 2020


After failing to reach Primary Move (LP-Lower Peak) and sell-side liquidity pool at 1.1218, Fiber might try to move to the 4-hour chart bearish order block at 1.1315. Before this pair re-tests again the 1.1218 level, from the technical point of view, we can see a convergence (hidden divergence) between the Stochastic and the Price with the current price that is already moving bellow the Moving Average (Maroon). We believe that after making a secondary (up) movement, the EUR/USD pair will go down again id it does not rise and close above the 1.1352 level.


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