After a strong bullish run fueled by Fed rate cut bets, EUR/USD is now pulling back to the FVG zone near 1.1620 as the USD finds some footing on Powell’s hawkish remarks. Despite the pause, the bullish structure remains intact. The pair is still supported by the Ichimoku cloud and volume flow hasn’t left the market.
Ideal scenario: Look for a long setup if price tests 1.1600–1.1620 with rising volume confirmation.
Ideal scenario: Look for a long setup if price tests 1.1600–1.1620 with rising volume confirmation.
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