Potential bearish scenario for the EURUSD. First Target 1.14747Higher time frame analysis
After price took out the monthly highs of 1.15729, we look to the monthly fair value gap of 1.10649 as a draw on liquidity. While this is the basis we will use as a filter for bias. Our target will be a much shorter term target.
Intermediate timeframe analysis
Following Tuesday's (17 June 2025) price action, we noted that a type 1 bearish dealing range has been formed on the 1h chart as noted in the chart above. Furthermore, note the 1H bearish order block sitting at the equilibrium point of the dealing range. This is also supported by a 1H IFVG in the discount of the dealing range. This creates a high probability setup to enter, targeting the lows of 1.14743.
Alternative scenario 1
Should we see the high of the order block of 1.15388 ran through we will look for a potential entry at 1.15531 with the same target.
Alternative scenario 2
Should this analysis fail, we could see the relative equal highs at 1.6311 being ran out. This would be the case of Tuesdays low becomes the low of the week which is a typical signature in weekly price action.
Bonus
You may note that each setup also provides a secondary target at the terminus of the 1H bearish Market maker sell model. This can be a separate entry or a partial target of one position depending on ones appetite. This would offer a rather handsome risk to reward ratio which would be worth the while.
