ANOTHER BUY ENTRY ON EURUSD

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ANOTHER BUY ENTRY ON EURUSDEuro/US DollarFX:EURUSDPIPSPHERE_NETWORK1. Market Structure The overall trend before the recent dip was bearish, with lower highs and lower lows forming after price rejected from around 1.18600. However, we can see that price has recently reacted strongly from a demand zone (order block) around 1.17180 – 1.17300 (highlighted in green). This means buyers stepped in to defend this level, shifting short-term momentum bullish. 📌 2. Order Blocks & Break Blocks Bullish Order Block (OB): The last bearish candle before the strong bullish move around 1.17180 – 1.17300 served as a bullish OB. Price tapped into it and reacted strongly. Break Block (BB): Around 1.17650 – 1.17800, there was a minor supply zone (bearish OB) which got broken by the bullish impulse. This break confirms that buyers have taken control at least short term. 💧 3. Liquidity Sweep Price swept liquidity below 1.17200 before reversing. This means the market hunted stop-losses resting beneath the equal lows (liquidity pool) before fueling the bullish move. That liquidity sweep was the catalyst for the rally towards 1.17900. 🎯 4. Key Levels to Watch Support (Demand zones): 1.17180 – 1.17300 (bullish OB, liquidity sweep origin). 1.17500 (intra-day support). Resistance (Supply zones): 1.17999 (minor OB + imbalance area). 1.18189 (stronger supply zone). If buyers maintain control above 1.1750, price could target 1.1818. But a failure below 1.1750 reopens the bearish side, and price could revisit 1.1730 – 1.1718 liquidity zone. 📊 5. Trading Scenarios Bullish Bias (favorable now): Look for re-entry on pullbacks into 1.1750 – 1.1760. Target: 1.1800 – 1.1820. Bearish Scenario (only if 1.1750 breaks): A breakdown below 1.1750 signals weakness. Target: 1.1730 – 1.1718 sweep zone again.