🧠 Current Market Context:
EURUSD is trading in a tight compression zone between 1.0935 support and 1.1000 resistance, following a sharp bullish leg from last week. Price is clearly slowing down, with smaller candles and rejection wicks near key levels — a sign of indecision, but also of an incoming breakout.
⚙️ Price Structure Overview:
The pair is forming higher lows but struggling to break above the psychological barrier at 1.1000, suggesting early signs of bullish exhaustion.
1.0935 has acted as a short-term demand zone, with price reacting to it multiple times, creating a clear price floor.
Buyers and sellers are now locked in a tight range — volatility is shrinking, and volume is likely building behind the scenes.
🧭 Key Levels to Watch:
🔼 Bullish Breakout Scenario:
If EURUSD breaks and closes firmly above 1.1000, we could see bullish continuation toward:
Target 1: 1.1035 – previous price reaction level.
Target 2: 1.1070 – resistance from late March.
A strong 1H close above 1.1000 confirms bulls are in control and may trigger stop orders above the round number.
🔽 Bearish Rejection / Breakdown Scenario:
If price fails to break above 1.1000 and breaks below 1.0935, it opens the door for a short-term correction:
Target 1: 1.0900 – strong structure and psychological zone.
Target 2: 1.0860 – last major higher low and liquidity pocket.
A clean breakdown below 1.0935 with momentum would indicate the bulls are losing control.
⏳ Conclusion:
The market is too quiet right now, and that’s never a good sign — this kind of compression usually ends in a sharp impulsive move. Whether it’s a breakout above 1.1000 or a breakdown under 1.0935, a decision is coming.
This is a textbook case of “don’t predict — prepare”. Smart price action traders are watching... and waiting.
EURUSD is trading in a tight compression zone between 1.0935 support and 1.1000 resistance, following a sharp bullish leg from last week. Price is clearly slowing down, with smaller candles and rejection wicks near key levels — a sign of indecision, but also of an incoming breakout.
⚙️ Price Structure Overview:
The pair is forming higher lows but struggling to break above the psychological barrier at 1.1000, suggesting early signs of bullish exhaustion.
1.0935 has acted as a short-term demand zone, with price reacting to it multiple times, creating a clear price floor.
Buyers and sellers are now locked in a tight range — volatility is shrinking, and volume is likely building behind the scenes.
🧭 Key Levels to Watch:
🔼 Bullish Breakout Scenario:
If EURUSD breaks and closes firmly above 1.1000, we could see bullish continuation toward:
Target 1: 1.1035 – previous price reaction level.
Target 2: 1.1070 – resistance from late March.
A strong 1H close above 1.1000 confirms bulls are in control and may trigger stop orders above the round number.
🔽 Bearish Rejection / Breakdown Scenario:
If price fails to break above 1.1000 and breaks below 1.0935, it opens the door for a short-term correction:
Target 1: 1.0900 – strong structure and psychological zone.
Target 2: 1.0860 – last major higher low and liquidity pocket.
A clean breakdown below 1.0935 with momentum would indicate the bulls are losing control.
⏳ Conclusion:
The market is too quiet right now, and that’s never a good sign — this kind of compression usually ends in a sharp impulsive move. Whether it’s a breakout above 1.1000 or a breakdown under 1.0935, a decision is coming.
This is a textbook case of “don’t predict — prepare”. Smart price action traders are watching... and waiting.
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.
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.