EURUSD | Support or Sweep?EURUSD | Support or Sweep? Liquidity Play in Progress (1H Chart Analysis)
Idea:
Timeframe: 1H
EURUSD is currently reacting to a liquidity-rich environment, and the price action hints at a potential trap-and-reverse setup.
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Key Observations:
Price has taken out multiple liquidity zones on the way up and is now testing a key support level near 1.1260–1.1270
A trendline break suggests bearish intent, but internal liquidity near support could create a bounce
Two scenarios are in play based on how price reacts around the support
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Scenario 1: Bullish Reaction (Short-Term Bounce)
Price holds support and forms a short-term reversal structure
A potential move back toward 1.1350–1.1380 to collect more buy-side liquidity
Watch for bullish price action confirmation around the support zone
Scenario 2: Bearish Continuation (Liquidity Sweep)
Price breaks down through support, invalidating the trendline
A strong push toward the imbalance zone around 1.1150–1.1180 is likely
Ideal entry after a pullback into broken support (acting as resistance)
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Bias: Neutral-Bearish unless strong bullish reaction is seen at support
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Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Please manage your risk carefully and always do your own research before entering a trade.
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