EUR/USD – Long-Term Structural ContextEUR/USDOANDA:EURUSDphilipemavMacro Overview The long-term structure remains bullish, defined by a wide Dealing Range LT that has guided price since early August. After an extended period of distribution near the upper boundary, price has now reached the deep discount region, coinciding with both Demand and a Low Volume Node (LVN) — a zone historically associated with buyer re-entry and passive absorption. At this stage, no directional bias is established for short-term trading. However, this LT demand region serves as a contextual compass: any short setups within this area carry increased risk, as we are operating inside the macro buyer territory. If institutional participants intend to regain control, we can expect price compression and potential reaccumulation inside the LVN, forming the structural foundation for a future expansion phase. Context Summary Structure: Bullish (Long-Term) Current Zone: Deep Discount – Demand + LVN Contextual Note: Shorts from this area face higher counterflow risk. Observation of compression or absorption patterns may signal the beginning of LT reaccumulation. The next COT report will be key to assess net positioning and market pressure from institutional participants. Purpose: This framework is not a trade setup but a macro structural reference — a compass for aligning future short-term trades with higher-timeframe order flow.