EUR/USD Retail Gap and Order Block December 21, 2020

Analyst, Full-Time Trader • Dec 21, 2020 at 4:20 AM EST

The EUR/USD is in uptrend, however we can see a retail gap. The price could try to close the gap.

The EUR/USD is in uptrend, however we can see a retail gap. The price could try to close the gap (FXE, UDN).

88.6 rejection is having a confluence with the order block. This is where we see a nice rejection. A further momentum push to the upside will try to aim for D H3 – 1.2275 and D H4/Gap close 1.2245. Ideally the market should stay above 1.2150 in order for bulls to remain dominant.

Watch for a move up as the price tries to close the gap especially above D L3 camarilla level.

The Analysis has been done with the Black Widow system.

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