EURUSD has pulled back after a strong bullish expansion and is now approaching a key demand area marked on the chart.
The highlighted zone is an important reaction point where price may collect liquidity before continuing higher. As long as this area holds, the bullish structure remains valid.
A clean sweep into the demand zone followed by a strong rejection could provide the momentum for the next upside move.
For now, price is retracing into support while the overall bias remains bullish.
Current Bias: Bullish
Key Focus: Reaction from the marked demand zone before looking for continuation higher.
The highlighted zone is an important reaction point where price may collect liquidity before continuing higher. As long as this area holds, the bullish structure remains valid.
A clean sweep into the demand zone followed by a strong rejection could provide the momentum for the next upside move.
For now, price is retracing into support while the overall bias remains bullish.
Current Bias: Bullish
Key Focus: Reaction from the marked demand zone before looking for continuation higher.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.