EURUSD outlook

Momentum is still favoring buyers.

The real question isn't whether price is high.

The question is whether sellers can actually change market structure.

So far, they haven't.

Price continues respecting bullish market structure and is now testing a key resistance zone around 1.1563–1.1579.

I'm watching closely for either:

A rejection that creates a healthy pullback, or

A clean breakout that confirms buyers are still in full control.

Until bearish structure forms, the trend remains bullish.

Yeah the retracement is happening but I don't know how far it will go

Yeah that's true

Yeah I think price is now ready to retrace

Eurusd is rallying, but that point I marked is a point of reference, once broken below then price will continue down

My reference level @ 1.1499 is still valid if it doesn't break below there I won't do anything

The higher-timeframe bullish structure hasn't been invalidated, so any decline from this resistance would still be considered a corrective pullback unless key support levels and market structure begin to fail. I'll be watching for bullish confirmation after the pullback rather than chasing price directly into resistance.

Then we wait for sellers to come in, before we act

I like this approach because it focuses on confirmation instead of prediction. That 1.1563–1.1579 resistance zone is the key decision point. If buyers produce a strong breakout and hold above it on a retest, the bullish trend is likely to continue. If sellers reject the zone with bearish displacement, a pullback would still be healthy as long as higher lows remain intact and no bearish market structure develops.

The retracement hasn't really started I am suspecting price want to use NFP as a fuel

Although the pullback hasn't started yet we should also be cautious of NFP

Not really sure because price, is still not going down as supposed, still showing some resistance to sell