EUR/USD Sells from 1.17200 back downWeekly Outlook: EUR/USD (EU)
This week, my bias on EUR/USD is similar to GBP/USD, as both pairs have been following a consistent bearish trend. Based on this structure, I’ll be watching to see if price begins a retracement back into an area of supply.
I’ve marked out the 8-hour supply zone, which sits at a premium level and was responsible for the last break of structure to the downside. If price retraces into this zone, I’ll look for potential sell confirmations on the lower time frames.
If price doesn’t tap into the supply zone first, I’ll then shift my focus to the 8-hour demand zone below. In that case, I’ll watch closely for signs of accumulation and a bullish reaction from this level, which could signal the start of a rally.
Confluences for EUR/USD Sells:
✅ Bearish trend has been consistent for the past few weeks.
✅ Breaks of structure have formed new supply zones to trade from.
✅ Liquidity exists below current price, which may be targeted first.
✅ The lower demand zone remains unmitigated, suggesting further downside movement.
📌 On the way down toward demand, I expect price to form another break of structure to the downside. The plan is to ride the sells down into demand, then look for potential buy opportunities if price begins to accumulate and react.
Let’s stay sharp and disciplined — have a solid trading week, everyone! 📊
