EUR/USD (EU) Analysis – This Week
This week, EUR/USD looks promising, similar to GBP/USD, with multiple key points of interest (POIs) in close proximity.
A clean, unmitigated 2-hour demand zone sits nearby, which could trigger a bullish rally if price reacts from this level. At the same time, price has been bearish over the past few days, forming a valid 9-hour supply zone from the recent downward push. I’ll be watching to see where price slows down and which liquidity level it targets first.
Confluences for EU Buys:
EU has been bullish for weeks, and this move could be a healthy correction before further upside.
The U.S. dollar remains bearish, aligning with this bullish bias.
A clean 2-hour demand zone has formed, which previously caused a break of structure to the upside.
Imbalances and untapped Asia session highs still need to be taken.
Note: If price breaks below this structural low, I will shift my focus toward sell opportunities. However, if that happens, we’ll know exactly where the ideal entry points for shorts will be.