Swing Analysis on EURUSD

🔵EUR/USD Analysis

1. Market Structure
Bullish Market Structure: The price is in a strong uptrend, characterized by higher highs (HH) and higher lows (HL).

Recent Pullback: After a strong bullish impulse, the price is experiencing a retracement.

Key Levels:

Resistance: 1.11465 (Potential Target)

Support Zone: 1.08135 - 1.08470 (Grey Box – Demand Zone)

2. Order Blocks & Demand Zones
Bullish Order Block (OB) & Demand Zone:

The grey highlighted box represents an institutional demand zone.

Price might retrace into this zone before continuing upward.

3. Liquidity Zones
Liquidity Grab:

The recent spike higher might have grabbed liquidity from previous highs.

A retracement to the grey demand zone will confirm if big players are re-accumulating.

Buy-side Liquidity Target: 1.11465 (Above previous high)

4. Moving Averages & Trend Confirmation
Blue Moving Average (Possibly 50 EMA): Acting as dynamic support.

Red Moving Average (Possibly 200 EMA): Supporting the overall bullish trend.

If price retests the grey zone and bounces off the moving average, it confirms a strong buy setup.

5. RSI (Relative Strength Index)
Current RSI: 62.72

This indicates a bullish momentum but is not yet overbought.

If RSI dips towards 50 while price retraces, it strengthens the case for a buy from the demand zone.

6. Trade Setup (Based on SMC Concepts)
Entry: Look for bullish confirmation in the grey demand zone (1.08135 - 1.08470).

Stop Loss (SL): Below the grey box, around 1.07800.

Take Profit (TP): Around 1.11465.

Risk-Reward Ratio: Favorable if entry is taken at the demand zone.

Conclusion
Bullish Bias: Await a potential retracement into the demand zone for an optimal buy entry.

Key Confirmation: Look for bullish price action signs like engulfing candles, pin bars, or liquidity sweeps within the demand zone.

Caution: If price breaks below the grey zone, it may indicate further downside correction.