Bullish EUR/USD unless..
EURUSD Happy Sunday, Traders!
I see bullish potential for EUR/USD as the Federal Reserve's rate cuts put downward pressure on the USD.
From a technical perspective, I anticipate a retracement into the Bullish Order Block, for further upward momentum. That said, we must remain cautious as the market may seek to sweep Sell-side Liquidity, after closing below the Order Block on the 4H Timeframe.
Should the price break below this Order Block, a deeper move to target Sell-side Liquidity could happen before the next bullish leg.
Note
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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.