EUR/USD Weekly Forecast
After a major and minor sweep near 1.1150, EUR/USD closed two consecutive bearish weeks, signaling a clear shift in momentum. Last week also confirmed a change of character, creating liquidity around 1.1270 and forming a daily Fair Value Gap at 1.1370, which has now been filled.
We expect the week to open bearish, targeting:
• 1.0900 (first liquidity zone)
• 1.0800 (main demand/discount area)
• Possibly even 1.0600 (extreme swing level) if momentum continues
Bias: Bearish
Key Zones:
• Resistance / FVG: 1.1370
• Target 1: 1.0900
• Target 2: 1.0800
• Extreme: 1.0600
Momentum is with the dollar, and EUR/USD still has room to drop toward the deeper demand areas.
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Weekly forecast by Sphinx Trading
What’s your bias this week?
#EURUSD #ForexForecast #SmartMoney #LiquiditySweep #FVG #TechnicalAnalysis #SphinxWeekly #PriceAction
After a major and minor sweep near 1.1150, EUR/USD closed two consecutive bearish weeks, signaling a clear shift in momentum. Last week also confirmed a change of character, creating liquidity around 1.1270 and forming a daily Fair Value Gap at 1.1370, which has now been filled.
We expect the week to open bearish, targeting:
• 1.0900 (first liquidity zone)
• 1.0800 (main demand/discount area)
• Possibly even 1.0600 (extreme swing level) if momentum continues
Bias: Bearish
Key Zones:
• Resistance / FVG: 1.1370
• Target 1: 1.0900
• Target 2: 1.0800
• Extreme: 1.0600
Momentum is with the dollar, and EUR/USD still has room to drop toward the deeper demand areas.
—
Weekly forecast by Sphinx Trading
What’s your bias this week?
#EURUSD #ForexForecast #SmartMoney #LiquiditySweep #FVG #TechnicalAnalysis #SphinxWeekly #PriceAction
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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.
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.