After the last bounce from this level, there is without a doubt a huge amount of liquidity sitting beneath the green lines from the SLs on retail longs. Be extremely careful with long positions here, I think a sharp downwards liquidity grab is very very likely.
I think EURUSD will consolidate at this zone of support fro a previous swing low to form a short term range, before dropping down to grab liquidity from the stop losses below the support zone, then reverse upwards with momentum.
