EUR/USD | Dropping further below - Strait closed for now!EUR/USDOANDA:EURUSDAmirAliTradingWell hello folks, hope you are well. Amirali here with another analysis on EURUSD. As you can see, EURUSD has been on a downtrend recently, falling below the March 2nd and April 20th NWOGs and currently inside the April 13th NWOG, being traded at 1.1700, just above the C.E. which is at 1.1695. I expect EURUSD to drop further, going below the NWOG C.E. and dropping to the IFVG high at 1.1676 and fail to bounce back up from there, going to the April 13th's NWOG Low, and then stabilize above the IFVG Consequent Encroachment which is at 1.1662. I expect the liquidity below the 1.1664 level to also be swept away. We should take into account that as long as the Strait of Hormuz closed, it strengthens the Dollar and we'll continue to see Fiber drop. Unless the Strait reopens or a peace treaty signed, otherwise the bearish momentum continues. Targets: 1.1690, 1.1683, 1.1676, 1.1669 and 1.1662. However, if EURUSD stabilizes above the NWOG at 1.1692, it could go up to the 1.1725, 1.1740 and 1.1751 levels.