EURUSD outlook

That should be bearish by now. EURUSD is now bearish

Still showing some bullish strength but EU is bearish

Yeah!

I'll soon drop what I have on EURUSD

I caught this sells by identifying the money transfer on the 15mins timeframe

After price swept Friday's high as liquidity then instead of continuing the bullish orderflow, it printed a money transfer signifying that sellers will be taking charge from there

I call that money transfer liquidity sweep, it shows failure to continue upward, I don't really want to predict price today want to follow price reaction, the only fvg am seeing is very far away and the order block am seeing too at 1.14040 to 1.14082. the fvg is at 1.14139 to 1.14186 so these are the reaction levels am looking at closely to take any action I will only trade after price reaction there I don't want to predict price

Recent price on the 5m and 15m printed a clear money transfer to the downside.

What looked like bullish continuation has now been taken over by sellers. Until buyers reclaim key levels, the path to least resistance is down

The 15m chart confirms the shift.

Highs taken out as liquidity, bearish displacement, structure broken(BOS). This is not a retracement, this is a trend continuation to the downside.

The displacement we saw on the 5m and 15m confirms institutional selling,

Displacement shows power, power moves the market

Key levels to Watch

1.1380 = Minor resistance

1.1395 = Resistance

1.1360 = Nearest support

1.1320 = Next major support

Look for lower highs to form before entering shorts. Patience > Prediction

Right now, the most likely scenario is:

1. Retest of order block/fvg

2. Rejection (lower high)

3. Continuation to the dowside

4. Sweep of equal lows/liquidity below

5. Move to the next support zones

Always adapt once the market shows the next reaction

The bearish bias is invalidated if;

Price breaks back above 1.1420, structure flips bullish again, and buyers reclaim control.

Until that happens, we remain bearish. Let the market prove us wrong not our emotions.

The 1h, 15m and 5m are all aligned to the downside. When multiple timeframe shows the same direction & orderflow, the probability increases.

High Impact news today (Inflation data from Europe & JOLTS from the US) can create volatility. Volatility creates liquidity and liquidity moves the market.

Trade the plan, not the news.

Price is reacting from a demand zone. I'll be closing out my sells. That news didn't really favor us

how can a demand zone

EURUSD is showing clear signs of weakness. Lower highs and lower lows are in play confirming a bearish market structure. Sellers are In control until proven otherwise.

Yes the demand zone is what facilitated the reaction especially in combination with the news

The sweep of liquidity (Friday's high) and break of structure to the downside confirms that sellers are In control. Market structure is greater than any opinion.

The money transfer on the 5 minutes and 15 minutes printed yesterday led to the break of structure. Liquidity was taken on device site then price reversed and delivered down. This is smart money concept in action