🧠 Bias: Bearish continuation after correction
After a strong impulsive drop, EUR/USD is now pausing to retrace and correct before the next leg lower. Price is showing all the classic correction signs — structure shift, smaller candles, reduced volume, and internal pullbacks.
📉 Daily Breakdown
The pair completed a 5-wave bearish impulse (ending around 1.1500).
Current movement is wave (iv) correction — a retracement leg after that drop.
We’re reacting to a minor 4H demand zone, but overall, structure remains bearish under the descending trendline.
There’s a liquidity void just above (orange zone), which price might fill before continuing downward.
The next major buy zone sits around 1.1350–1.1400, aligning with daily + weekly demand and 200 EMA confluence.
⏱ Weekly Context
Weekly chart shows a clean rejection from 1.1800 weekly supply (BSL sweep → BOS down).
As long as we trade below that 1.1600–1.1650 weekly zone, bias remains bearish.
The long-term target aligns with 1.0700, the next untouched weekly demand area.
🎯 Expectations
Short-term:
Correction toward 1.1600 – 1.1650 possible (liquidity fill + premium zone).
Medium-term:
From that area, expect a continuation leg down toward 1.1350 (daily demand) or even 1.0700 (weekly demand).
⚙️ Risk Management
Avoid early longs — the correction could still push lower to retest previous lows.
Look for a premium retracement entry (71% fib + OB confluence) for the next swing short.
Stops above 1.1700, targeting 1.1350 then 1.0700.
🧩 Summary
EUR/USD is cooling off after a solid bearish wave — a textbook correctional stage before the next impulse down. Expect a slow climb into premium pricing before the bears reload for another leg south.
After a strong impulsive drop, EUR/USD is now pausing to retrace and correct before the next leg lower. Price is showing all the classic correction signs — structure shift, smaller candles, reduced volume, and internal pullbacks.
📉 Daily Breakdown
The pair completed a 5-wave bearish impulse (ending around 1.1500).
Current movement is wave (iv) correction — a retracement leg after that drop.
We’re reacting to a minor 4H demand zone, but overall, structure remains bearish under the descending trendline.
There’s a liquidity void just above (orange zone), which price might fill before continuing downward.
The next major buy zone sits around 1.1350–1.1400, aligning with daily + weekly demand and 200 EMA confluence.
⏱ Weekly Context
Weekly chart shows a clean rejection from 1.1800 weekly supply (BSL sweep → BOS down).
As long as we trade below that 1.1600–1.1650 weekly zone, bias remains bearish.
The long-term target aligns with 1.0700, the next untouched weekly demand area.
🎯 Expectations
Short-term:
Correction toward 1.1600 – 1.1650 possible (liquidity fill + premium zone).
Medium-term:
From that area, expect a continuation leg down toward 1.1350 (daily demand) or even 1.0700 (weekly demand).
⚙️ Risk Management
Avoid early longs — the correction could still push lower to retest previous lows.
Look for a premium retracement entry (71% fib + OB confluence) for the next swing short.
Stops above 1.1700, targeting 1.1350 then 1.0700.
🧩 Summary
EUR/USD is cooling off after a solid bearish wave — a textbook correctional stage before the next impulse down. Expect a slow climb into premium pricing before the bears reload for another leg south.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.