After a deep corrective phase, EUR/USD managed to reclaim bullish momentum by sweeping liquidity at lower levels and printing a clear Market Structure Shift (MSS), signaling a change in market sentiment toward the upside. This bullish move was supported by strong displacement, which led to the formation of multiple CISD / Fair Value Gaps along the rally, highlighting active smart money participation and increasing the probability of further upside continuation.
As the price approached the key resistance zone around 1.1780 – 1.1800, the EURUSD market entered a short-term pause and distribution phase, which can be interpreted as a healthy consolidation within a broader bullish structure. In the primary scenario, as long as price holds above the 1.1680 – 1.1700 support zone—a high-probability PD Array and daily FVG—the bullish structure remains valid, and pullbacks may offer favorable opportunities to align with the prevailing trend.
However, failure to defend this support area would open the door for a deeper retracement toward lower levels to fully rebalance existing inefficiencies. Overall, price behavior around the current range will play a decisive role in determining whether the medium-term bullish scenario remains intact or begins to weaken.
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