Price has swept the previous low and is reacting from a key liquidity pocket. Structure remains intact for a potential bullish delivery. With CPI expected to print on the stronger side, we could see a favorable USD reaction — but the market is already pricing in the move, setting up EUR/USD for a liquidity grab before a push higher.
I’m watching for:
Accumulation near 1.1680 zone
Break of internal structure for confirmation
Targeting the 1.1730 region as the next supply area
If CPI comes out as expected, we could get that impulsive leg upward aligning with this setup.
I’m watching for:
Accumulation near 1.1680 zone
Break of internal structure for confirmation
Targeting the 1.1730 region as the next supply area
If CPI comes out as expected, we could get that impulsive leg upward aligning with this setup.
Trade closed: target reached
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For more educational content
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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.