EURUSD -DAILY TIMEFRAME ANALYSIS Euro/US DollarFX:EURUSDenwemadufranklyn1989Above is a clean, professional technical analysis of our chart, based entirely on the visible price structure, liquidity, zones, and trend dynamics. --- ✅ Professional Chart Analysis 1. Overall Market Structure The current market structure shows a corrective pullback inside a broader bullish leg. Price recently created: A higher high (HH) Followed by a retracement forming a higher–low zone (HL) This suggests the market is still structurally bullish unless price breaks the most recent HL zone. --- ✅ 2. Key Levels Identified(Red rectangle) A. Major Support (Demand) Zone The lower highlighted blue zone represents a strong institutional demand area. It aligns with: A previous breaker block Inefficient price area before the last impulsive move up If price returns here, you should expect bullish reaction and potential continuation upward. B. Resistance (Supply) Zone(Blue rectangle) The upper grey zone is a reactionary supply area where price previously rejected strongly. This remains the major obstacle for price to break to confirm a trend continuation. C. Liquidity Zones There is sell-side liquidity (SSL) under recent swing lows. There is buy-side liquidity (BSL) above previous swing highs. Price will likely target one of these before choosing direction. --- ✅ 3. Trend Direction Bias: Mildly Bullish (but with retracement risk) Why? Structure favours the upside (higher-high & higher-low formation). But price is currently inside a pullback phase. Until the HL is broken, trend remains bullish. --- ✅ 4. Short-Term Expectation There are two optimal paths based on institutional behaviour: A. Bullish Scenario (Most Probable) 1. Price sweeps the local equal lows / liquidity beneath. 2. Drops into the demand zone. 3. Strong rejection → bullish continuation. 4. Targets: Previous major swing high Buy-side liquidity above Supply zone for full mitigation B. Bearish Scenario (Lower Probability) If price breaks below the HL/demand zone, expect: 1. Continuation to the downside 2. A shift into a bearish trend 3. Next key target = deeper demand zone below chart range For now, this is NOT the primary expectation unless your demand zone is invalidated. --- ✅ 5. Institutional View Institutions often push price into discount zones (demand) before new accumulation. Our chart shows price approaching: A mitigation level FVG imbalance Demand block This supports the bullish continuation setup. --- 🎯 Final Professional Bias ✔ Bullish but with a deep retracement expected first ✔ Watch for liquidity sweep into demand ✔ Buy from discount zones only ✔ Expect reaction inside the lower blue zone ---