EURUSD Technical OutlookEuro/US DollarFX:EURUSDMichael_HardingOn the daily timeframe, EURUSD has nearly completed a pullback into the 61.8 percent Fibonacci retracement, an area that often attracts responsive price action. From a short term perspective, this may present scalping opportunities, provided price reacts cleanly at key levels. For the week ahead, I expect EURUSD to chop between the 1.16 and 1.17 handle, as the market digests upcoming macro data. I currently have early sell pending orders around the 1.1676 area, intended to scale into potential short exposure should price trade into that zone. This aligns with the red highlighted area on the chart, which represents a zone of supply and potential reaction. On the downside, the blue horizontal zones mark areas of interest for the buy side. These are levels where I would expect responsive demand to step in, particularly if price weakens following high impact U.S. data. There remains risk of a deeper pullback following U.S. CPI, especially if inflation prints stronger than expected. In that scenario, downside liquidity toward the lower end of the range becomes more attractive before any sustainable directional move develops. == Weekly Trade Planning Insight == Historically, Wednesdays tend to produce choppy and whipsaw price action, especially during weeks loaded with economic data. In many cases, the best decision is capital preservation. A structured approach for the week ahead Manage or close positions by Tuesday Avoid initiating new trades on Wednesday Reassess structure and liquidity on Thursday Re enter positions at better prices with improved reward to risk This approach often results in cleaner execution, reduced emotional trading, and better overall performance. == Final Thought == Trading success is built on preparation, not activity. This week is about waiting for clarity, respecting macro risk, and executing only when conditions align. Let me know your thoughts by leaving a comment below.