Bullish Continuation Setup for EUR/USD: Target Range Liquidity
In my analysis of EUR/USD, I anticipate that the price will continue with bullish momentum. On the higher timeframes, the market has not produced a new lower low after taking out its previous low at 1.02250. Instead, price has formed higher highs, signaling potential bullish continuation. The formation of equal high liquidity at the 1.028 level further strengthens the bullish outlook, indicating that price could be aiming for a sweep of liquidity above these highs.
Currently, with price ranging, I expect there may be further manipulation of the highs before a potential pullback into the 1.02 demand zone. This pullback could offer an opportunity to enter the market at a favorable level before targeting the liquidity above the areas of consolidation. As the market consolidates, I’ll be watching for signs of accumulation or a break of structure that could confirm further bullish movement. The key will be monitoring how price reacts at the demand zone and whether it holds, providing a strong foundation for a move towards higher targets.
Currently, with price ranging, I expect there may be further manipulation of the highs before a potential pullback into the 1.02 demand zone. This pullback could offer an opportunity to enter the market at a favorable level before targeting the liquidity above the areas of consolidation. As the market consolidates, I’ll be watching for signs of accumulation or a break of structure that could confirm further bullish movement. The key will be monitoring how price reacts at the demand zone and whether it holds, providing a strong foundation for a move towards higher targets.
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