EURUSD outlook

Liquidity above.

Demand below.

The market is sitting between two important objectives.

Whichever side gets taken first will likely shape the next impulse.

The best traders don't predict.

They prepare.

If EURUSD sweeps the highs and rejects, I'll watch for selling pressure.

If buyers break through cleanly, the bullish trend remains in full control.

I'm watching this resistance carefully.

If buyers can absorb the selling pressure here, new highs become increasingly likely.

If not, a deeper retracement into demand could offer the next opportunity.

EURUSD Market Update 📈

The bullish trend remains intact, but price is now trading just beneath a significant resistance zone around 1.1563–1.1579.

I'm watching for two scenarios:

✅ A liquidity sweep into resistance followed by a healthy pullback.

✅ A decisive breakout that confirms buyers are ready for another leg higher.

Until sellers produce a clear bearish break of structure, the higher-timeframe bias remains bullish.

But has not broken below the reference zone I marked, I am just waiting for NFP

If price sweeps liquidity on EU the way it's projected here, then it means EU trend will change back to bearish again, although I don't really know how the outcome will look like, but I will trade what price present

But the pullback isn't enough at all, and for me it's a shallow pullback

NFP has taken price higher instead of trading a bit lower to buy from a demand. Price is still not protecting the lows

Your liquidity reference is the point I circled right? If so then price has not offered an opportunity because that is the premium level of price movement, I think this NFP will give dxy some strength for recovery at least

The idea is that if price wants to buy, i wanted to see it sweep a low and trade higher that way it will create a protected low to signify more buying strength

That will Be determined after the NFP data release, if buyers are in control or there will be a retracement down to demand

same here it hasn't retraced enough and it's just buying without protecting the lows

Price just traded higher again without sweeping that low

Exactly. Momentum can slow without changing the overall trend. As long as the market continues respecting higher lows and no bearish break of structure occurs, buyers still have the technical advantage. watching for bullish continuation after any corrective pullback rather than assuming the trend has reversed simply because momentum has eased.

That is a higher timeframe bearish level but if price wants to reverse from there we will definitely see the reaction although price can reverse from there to the demand level where it bought from then buy from the demand level again

The point is that no one knows the direction yet untill the data release, it may support short term dxy really and it may support EU buys

The reference point @ 1.14997 has not been broken at all and price is showing possibilities of trading above the previous highs

the news took price higher and it is reacting from that key level marked

On EU two things are involved price will either sell on positive NFP to demand level or NFP may come as negative and price sells to demand and buy immediately so watch the NFP reaction closely

It's always clear, if liquidity has not been taken out on any side whether buyside or sellside price will definitely takeout liquidity before it distribute