EUR/USD | Hold above 1.1700!

Well hello folks, hope you are all well.
Amirali here with another analysis.

As you can see in the 4H chart of EURUSD, it is currently being traded around the 1.1700 level, struggling to stay inside the April 27th NWOG Low and above the 1.1700 level.

I expect EURUSD to bounce back up from the April 27th NWOG Low, go above its Consequent Encroachment at 1.1709 and then go towards today’s open at 1.1712. Next targets after this will be at 1.1718 and 1.1725, which a strong above them can send EURUSD towards 1.1739 and if EURUSD manages to go above the 1.1751 level, which is the Consequent Encroachment of April 20th NWOG, then it can go to sweep the liquidity above the 1.1755 and 1.1762 levels.

However, if EURUSD fails to stay above the 1.1700 level and go below it, it’ll most likely go towards the 1.1677 and 1.1669 and 1.1664 levels to sweep the Sellside liquidities below them.