📉 EUR/USD – Technical Outlook & Strategic Projection (May 1–17)**
Since **April 20th**, the euro has shown a consistent decline in strength against the US dollar, reflecting a sustained bearish sentiment. However, the current market structure suggests a potential **short-term bullish retracement** in the coming days — possibly lasting through the end of this week.
This short-lived upside move is likely driven by the market's need to **seek liquidity above recent highs**, particularly near the **Previous Weekly High (PWH)** and the nearby imbalance zone (FVG). From my perspective, this setup may act as a **liquidity sweep** before resuming the broader bearish trend.
📌 **My Outlook:**
- A temporary euro recovery may occur as price revisits the 1.14500–1.15688 zone.
- Around **May 6th onwards**, I expect bearish continuation as liquidity objectives are fulfilled.
- If price confirms rejection from the premium zone, my bearish bias targets the **1.09076** and eventually **1.04172** levels.
🔍 *Conclusion:*
While the euro may show short-term strength, this is likely a setup to trap buyers before a deeper decline. I will be monitoring for confirmations of rejection and signs of trend continuation beyond the liquidity grab.
📍Posted by: *Emerson Massawe*
*Data & Market Analyst | COO of Rodaviva | Xerof Capital*
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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.