EURUSD: Enters Weekly Supply Zone After Powerful RallyWEEKLY TECHNICAL ANALYSIS 🔍
OVERALL TREND
📉 DOWNTREND — Despite the recent bullish impulse, the overarching structure remains a downtrend. Price is now testing a key area of interest.
🔴RESISTANCE & SUPPLY ZONES
🔴 1.15734 — SELL STOPLOSS | PIVOT HIGH
🔴 1.15044 — SELL ORDER II | SUPPLY ZONE
🔴 1.14849 — RESISTANCE (Major)
🔴 1.13648 — SELL ORDER (Downtrend Confirmed)
🔴 1.10990 — SELL ORDER & TP 1
🔴 1.08757 — SELL ORDER & TP 2 | MID PIVOT
🔴 1.07111 — SELL ORDER & TP 3
🔴 1.04570 — EXIT SELL & TP 4
🟡SUPPORT & BUY ZONES
🟢 1.03959 — BUY ORDER
🟢 1.02477 — BUY ORDER II
🟢 1.01779 — BUY STOPLOSS | PIVOT LOW
📉LONG-TERM SUPPORT LEVELS (WEEKLY)
🟡 0.98605 — SUPPORT (PROXIMAL)
🟡 0.98000 — SUPPORT (MAJOR)
🟡 0.97500 — SUPPORT (MAJOR)
🟡 0.95396 — SUPPORT (DISTAL)
🧠STRUCTURAL NOTES
EURUSD has surged into a weekly supply zone between 1.15133–1.16165
Price is currently reacting at a confluence of a PIVOT HIGH and MAJOR RESISTANCE
A rejection here could initiate a multi-week pullback toward 1.08757 or lower
Aggressive sellers may begin positioning around the 1.15044 zone with stop above 1.15734
Buyers are expected to step in near 1.02477 and 1.03959 zones
TRADE OUTLOOK 🔎
📉 Short-Term Bearish Bias while inside supply zone
📈 Bullish structure only resumes on decisive close above 1.15734
👀 Watch for reaction near 1.13648 — potential sell-off trigger
📊 Mid-term reversal opportunities exist at 1.08757, 1.04570, and 1.02477
🧪STRATEGY RECOMMENDATION
CONSERVATIVE APPROACH (Trend-Following):
— Wait for rejection at 1.15044
— Short Entry below 1.13648
— TP Levels: 1.10990 / 1.08757 / 1.04570
— SL: Above 1.15734
RISK-REWARD BUY SETUP (Countertrend):
— Buy Orders: 1.03959 and 1.02477
— TP: 1.07111 / 1.08757
— SL: Below 1.01779
“Discipline | Consistency | PAY-tience™”
