EURUSD outlook

EURUSD has returned to a premium area.

The supply zone is now being tested, and I am watching for bearish continuation from this region.

The supply zone is the current point of interest.

If price rejects this area with strong bearish displacement, the sell-side narrative becomes even stronger.

Price has reached the POI.

Now patience is required.

No need to chase the move.

If sellers are truly in control, the market should show us through its reaction at supply.

The bearish idea is simple:

Price retraced higher ✅

Supply zone tapped ✅

Bearish structure remains relevant ✅

Sell-side continuation expected ✅

I have entered the trade as price has finally come into that supply. I just knew something was fishy with that POI 1.

Cool, but I'll just be observing EURUSD today. It invalidated my internal bearish trendline, and has the possibility of continuing the buys, using the 1.1425 price level for a push up, replicating this pattern.

I'm still bearish on EURUSD, but not comfortable selling it at the moment. want to see a break below the current reaction level first @ 1.1425 otherwise I'll wait for price to push up to 1.1446 before I'll look for sells again.

Expecting this Bullish Pattern play on EURUSD, before I can consider sells. not comfortable with its price action at the moment.
And also expecting this Bearish Pattern play, if the bullish own fails. Expecting it to retest the bearish channel it broke out from at 1.1400 price level.

It all depends on how price will close at its current price level.

Price is at the premium level that has the new week opening gap I marked it with the yellow box , let's just see the reaction there I anticipate sells around there

EURUSD- Price is ranging on the Daily. I'll steer clear until it breaks below 1.1380 before I Join the sells.

Although the double bottom was not taken but price is in a Very good sell zone which I have marked with the yellow box, price can easily reverse from there because of the new week opening gap that serves as a strong resistance at that level

It has entered a nice zone is just to look out during NY session for good opportunity to sell from the yellow box

That is the liquidity sweep I always tell you about from IRL to ERL, Happy you are having that view

Thank God you were not interested because that zone was not the original supply level, the yellow box is and if you want to check the pullback you will agree that the initial sell move wasn't up to the 50 percent drop that supply zone you marked

You're welcome. what strategy do you trade?

You're welcome. What strategy do you trade?

EURUSD- bearish closure of the Current 4hr candle, will strengthen the sells to the downside.

The sells are now moving as i expected

I said it yesterday that price will manipulate that POI 1, and price is selling with great momentum

True though

You have to confirm your setup because your strategy is different from mine