Euro / US-Dollar
Long

EUR/USD) Bullish trend analysis Read The caption

533
SMC Trading point update



Technical analysis of explanation of the EUR/USD 1H analysis idea shown in your chart:


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Bullish Setup Explanation

The chart illustrates a potential bullish continuation setup after a corrective retracement.

Key Observations

Price recently showed a strong bullish impulse move upward.

Now the market is creating a pullback correction towards a discount zone (Fibonacci retracement area).

The blue zone is an institutional demand / order block area around 1.15700 – 1.15800, aligning with:

0.62 – 0.79 Fibonacci retracement

EMA 200 support

Previous structure demand


Expectation: price drops into the demand zone, forms bullish confirmation, then continues upward.



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Entry Strategy

Buy setup after rejection at Demand Zone
Buy from: 1.15700 – 1.15800

Targets

TP Level

TP1 1.16050
TP2 (main target shown) 1.16268


Stop Loss

Below zone invalidation: 1.15550 – 1.15600


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Market Structure

Higher timeframe trend bullish

Current move is corrective (retracement)

Buyers expected to step in on discount pricing region

Clean upside liquidity above recent highs creates upside target



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Trade Plan Summary

Wait for price to tap into demand (blue zone)
Look for reversal confirmation / bullish candles Enter long targeting 1.16268


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Bias

Bullish continuation expected
As long as price respects 1.15700 support, momentum remains upward.


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Mr SMC Trading point

Fundamental Note

Upcoming USD news event (red calendar icon) may act as volatility catalyst. Expect possible manipulation wicks into demand zone before real move.


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