EURUSD Weekly Outlook: Selling the NWOG Liquidity Grab📊 EURUSD | H1 Timeframe | Week of May 12–16
Price is currently sitting inside the New Week Opening Gap (NWOG) at the 1.1780–1.1800 zone, which is acting as a significant resistance pocket.
🔍 My Bias: Bearish
Here's what I'm watching:
⚡ Step 1 — Liquidity Grab at H1 Equal Lows (1.1730 zone)
Price may dip to sweep the H1 equal lows before any continuation. Equal lows = liquidity magnet.
📉 Step 2 — Rejection into Daily FVG (~1.1720)
After the sweep, I'm expecting a short-term bounce into the Daily Fair Value Gap before sellers step in aggressively.
🎯 Step 3 — Drop into Daily Low at 1.1650
The higher-timeframe target sits at the daily low around 1.1650, sitting right on the lower NWOG boundary — a clean institutional target.
📌 Key Levels to Watch:
• Resistance: 1.1800 NWOG / 1.1790 daily high
• H1 Equal Low: ~1.1730 (liquidity target)
• Daily FVG: ~1.1720
• Daily Low target: 1.1650
• Extended target: 1.1640 NWOG low
⚠️ Invalidation: Clean break and hold above 1.1820 flips bias bullish.
This is not financial advice. Do your own analysis.
Drop a 🚀 if you're bearish this week — let's see where the community stands!
Short