On this 15-minute EUR/USD chart, the overall market structure indicates that price is in a short-term downtrend and has repeatedly been rejected from the upper DFVG zone within the 1.1550–1.1575 range. This area is considered an important liquidity gap, as each time the price has entered it, it has faced strong selling pressure and failed to sustain further bullish continuation. This suggests that upside liquidity remains attractive for major players, but not to the extent of reversing the trend.
Following the most recent rejection from the DFVG zone, price experienced a sharp drop toward the lower demand area around 1.1490–1.1505. The strong reaction and long wicks in this zone indicate the presence of buyers and the accumulation of sell-side liquidity.
Currently, price in EURUSD Chart is in the middle of this range and is struggling with a dynamic resistance around 1.1523. A breakout above this level would create a short distance to the upper DFVG and could set the stage for a corrective move toward the 1.1550 area. However, if price fails to break 1.1523 and falls back below 1.1505, the likelihood of revisiting the 1.1490–1.1500 demand zone increases.
This level is considered the last significant short-term support, and a breakdown could trigger the continuation of the downtrend and the formation of new lows. Overall, as long as price remains below the main DFVG, the broader market structure remains bearish, and the current bullish movements are more corrective in nature rather than the start of a new trend.
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