Welcome back, traders! My name is Steven, and this is your daily EUR/USD outlook. Make sure to leave a like, follow, and share your thoughts in the comments below. Now let’s dive straight into the charts.
The Bigger Picture: Weekly Insights
On the weekly timeframe, EUR/USD has made a strong bullish statement. After a series of lower lows and retracements, we’ve now broken above the weekly fractal high This move has solidified a bullish structure, setting the stage for further upside.
Where did this momentum come from?
The pair retraced into a fresh daily demand zone, formed around equal lows just above a key candlestick. Once those equal lows were swept, the demand zone held firm, leading to a V-shaped reversal. This is a textbook liquidity grab, and now the market is pushing back toward the highs.
Key Levels to Watch
Previous Weekly High – The next logical liquidity target sits above last week’s high, which remains untapped.
Monthly High – Just beyond the weekly high lies the previous month’s high, which also holds a cluster of liquidity.
Liquidity Bump in the Road – Zooming out, we can identify a minor “bump” in the impulse down, where significant stops and liquidity remain.
Lower Timeframe Strategy: Entries and Targets
If you’re trading the four-hour or lower timeframes, here’s what I’m watching:
Setup #1: The market is currently trading inside a four-hour demand zone, formed after yesterday’s inflation-driven dip. For confirmation, I’ll drop to the 1-hour or 15-minute timeframe and look for a trend shift. This means waiting for lower lows to turn into higher highs, creating fresh demand zones to trade from.
Setup #2: Alternatively, if we sweep the previous daily low, I’ll look for a reversal from that level to go long.
Both setups rely on lower timeframe order flow aligning with the higher timeframe bullish trend. Be patient—this confirmation is key.
What’s Driving EUR/USD Higher?
Yesterday’s inflation data sparked volatility, initially strengthening the dollar. However, the rally quickly reversed, with EUR/USD tapping a four-hour demand zone and bouncing higher.
Additionally, positive geopolitical developments—specifically talks of peace between Russia and Ukraine—have provided a boost to the euro, as a potential resolution would alleviate Europe’s energy inflation concerns.
Technical Takeaways
Bullish Trend Intact: Both weekly and daily structures remain bullish, supported by liquidity grabs and demand zone rejections.
Targets in Sight: I’m watching for a move toward the previous weekly high and potentially beyond, toward the monthly high.
Risk Management: As always, use tight stops and manage your risk, especially when trading lower timeframes.
Action Plan for Today
Monitor the four-hour demand zone for lower timeframe confirmations.
Watch the previous daily low for a potential liquidity sweep and reversal.
Stay tuned for any major news updates that could shift sentiment or momentum.
That’s it for today’s EUR/USD outlook! Let me know your thoughts in the comments below, and don’t forget to like and follow for more insights. Trade safe and good luck!
The Bigger Picture: Weekly Insights
On the weekly timeframe, EUR/USD has made a strong bullish statement. After a series of lower lows and retracements, we’ve now broken above the weekly fractal high This move has solidified a bullish structure, setting the stage for further upside.
Where did this momentum come from?
The pair retraced into a fresh daily demand zone, formed around equal lows just above a key candlestick. Once those equal lows were swept, the demand zone held firm, leading to a V-shaped reversal. This is a textbook liquidity grab, and now the market is pushing back toward the highs.
Key Levels to Watch
Previous Weekly High – The next logical liquidity target sits above last week’s high, which remains untapped.
Monthly High – Just beyond the weekly high lies the previous month’s high, which also holds a cluster of liquidity.
Liquidity Bump in the Road – Zooming out, we can identify a minor “bump” in the impulse down, where significant stops and liquidity remain.
Lower Timeframe Strategy: Entries and Targets
If you’re trading the four-hour or lower timeframes, here’s what I’m watching:
Setup #1: The market is currently trading inside a four-hour demand zone, formed after yesterday’s inflation-driven dip. For confirmation, I’ll drop to the 1-hour or 15-minute timeframe and look for a trend shift. This means waiting for lower lows to turn into higher highs, creating fresh demand zones to trade from.
Setup #2: Alternatively, if we sweep the previous daily low, I’ll look for a reversal from that level to go long.
Both setups rely on lower timeframe order flow aligning with the higher timeframe bullish trend. Be patient—this confirmation is key.
What’s Driving EUR/USD Higher?
Yesterday’s inflation data sparked volatility, initially strengthening the dollar. However, the rally quickly reversed, with EUR/USD tapping a four-hour demand zone and bouncing higher.
Additionally, positive geopolitical developments—specifically talks of peace between Russia and Ukraine—have provided a boost to the euro, as a potential resolution would alleviate Europe’s energy inflation concerns.
Technical Takeaways
Bullish Trend Intact: Both weekly and daily structures remain bullish, supported by liquidity grabs and demand zone rejections.
Targets in Sight: I’m watching for a move toward the previous weekly high and potentially beyond, toward the monthly high.
Risk Management: As always, use tight stops and manage your risk, especially when trading lower timeframes.
Action Plan for Today
Monitor the four-hour demand zone for lower timeframe confirmations.
Watch the previous daily low for a potential liquidity sweep and reversal.
Stay tuned for any major news updates that could shift sentiment or momentum.
That’s it for today’s EUR/USD outlook! Let me know your thoughts in the comments below, and don’t forget to like and follow for more insights. Trade safe and good luck!
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Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.