Euro / U.S. Dollar
Long

Bullish EURUSD Reversal / Long Opportunity (4H Chart)

98
Support Zone (~1.1650–1.1610)

The price has tapped into a clear demand zone, which was respected previously during a strong bullish impulse.

Current candle shows signs of exhaustion in bearish momentum, hinting at a potential reversal.

Market Structure:

Despite the recent retracement, higher lows remain intact when viewed in a broader context.

The price may be completing a corrective wave within an overall bullish market structure.

Liquidity & Trap Mechanics:

The wick sweep toward 1.1610 likely triggered sell-side liquidity, setting the stage for a buy-side reversal.

This area is often where institutions accumulate long positions under the guise of bearish continuation.

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