EUR/USD Weekly Outlook – Pro Trend Setup in Focus
My outlook for EUR/USD this week aligns closely with my GBP/USD analysis, as both pairs tend to move in a similar direction. For EU specifically, price is currently much closer to a valid demand zone, making the pro-trend continuation idea more likely in the short term.
After the recent break of structure to the upside, price left behind a well-defined 16H demand zone, which could serve as the base for another bullish rally. There’s also a significant buildup of liquidity above and no major nearby supply zone, so for now, I’ll be focusing solely on pro-trend long setups.
If price doesn’t retrace as deep as the 16H demand zone and continues pushing higher, I’ll be on the lookout for a new demand zone to form that we can then trade from.
Confluences for EU Buys:
- Price is nearing the 16H demand zone that caused the most recent break of structure
- Strong bullish momentum on the higher timeframes
- Clean liquidity above that remains untapped
- DXY continues to move bearish, aligning with a bullish EU outlook
P.S. I’ll be watching for an initial pullback during the Asia session to see how price interacts with the 16H demand. Stay alert and trade smart — let the market come to your zones.
Have a great trading week, everyone! 🔍📈
My outlook for EUR/USD this week aligns closely with my GBP/USD analysis, as both pairs tend to move in a similar direction. For EU specifically, price is currently much closer to a valid demand zone, making the pro-trend continuation idea more likely in the short term.
After the recent break of structure to the upside, price left behind a well-defined 16H demand zone, which could serve as the base for another bullish rally. There’s also a significant buildup of liquidity above and no major nearby supply zone, so for now, I’ll be focusing solely on pro-trend long setups.
If price doesn’t retrace as deep as the 16H demand zone and continues pushing higher, I’ll be on the lookout for a new demand zone to form that we can then trade from.
Confluences for EU Buys:
- Price is nearing the 16H demand zone that caused the most recent break of structure
- Strong bullish momentum on the higher timeframes
- Clean liquidity above that remains untapped
- DXY continues to move bearish, aligning with a bullish EU outlook
P.S. I’ll be watching for an initial pullback during the Asia session to see how price interacts with the 16H demand. Stay alert and trade smart — let the market come to your zones.
Have a great trading week, everyone! 🔍📈
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.
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.