🔁 EUR/USD Long – Weekly Buyside Re-Test for 1.17 Breakout 🌍📈
Description:
EUR/USD is retesting a weekly buyside liquidity zone between 1.1575–1.1600, which previously acted as strong resistance and has now flipped into support. This zone aligns with a confluence of breakout structure, Fibonacci mid-point, and a clean liquidity sweep beneath local lows.
📉 Trade Setup:
Entry Zone: 1.1475–1.1600 (buyside retest)
Stop Loss: 1.1400 Zone (risker)
Safer stop: use chart
Target 1: 1.1777
Target 2: 1.1877
Target 3: Open(manage)
Risk-Reward: ~1:3+ depending on entry precision
Trade Type: Swing / Trend Continuation
📊 Technical Bias:
Weekly structure flipped bullish after breakout above 1.1575
Daily shows clean HH/HL sequence with strong momentum
RSI/MACD favor continuation with no divergence yet
DXY weakness supports continuation move
🧠 Macro + Sentiment Overlay:
EUR supported by improving Eurozone data + reduced ECB dovishness
Fed pause expectations + soft US CPI drive USD weakness
Retail sentiment shows most traders are short EUR/USD — contrarian bullish
⏳ Patience:
Let price stabilize in the 1.1575–1.1600 zone with a bullish engulfing or H4 reversal signal before execution. Structure invalidation below 1.1530.
Description:
EUR/USD is retesting a weekly buyside liquidity zone between 1.1575–1.1600, which previously acted as strong resistance and has now flipped into support. This zone aligns with a confluence of breakout structure, Fibonacci mid-point, and a clean liquidity sweep beneath local lows.
📉 Trade Setup:
Entry Zone: 1.1475–1.1600 (buyside retest)
Stop Loss: 1.1400 Zone (risker)
Safer stop: use chart
Target 1: 1.1777
Target 2: 1.1877
Target 3: Open(manage)
Risk-Reward: ~1:3+ depending on entry precision
Trade Type: Swing / Trend Continuation
📊 Technical Bias:
Weekly structure flipped bullish after breakout above 1.1575
Daily shows clean HH/HL sequence with strong momentum
RSI/MACD favor continuation with no divergence yet
DXY weakness supports continuation move
🧠 Macro + Sentiment Overlay:
EUR supported by improving Eurozone data + reduced ECB dovishness
Fed pause expectations + soft US CPI drive USD weakness
Retail sentiment shows most traders are short EUR/USD — contrarian bullish
⏳ Patience:
Let price stabilize in the 1.1575–1.1600 zone with a bullish engulfing or H4 reversal signal before execution. Structure invalidation below 1.1530.
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.