EURUSD-WEEKLY TIMEFRAME ANALYSIS Euro/US DollarFX:EURUSDenwemadufranklyn1989Looking at the EUR/USD weekly chart, here’s a detailed professional breakdown 👇 --- 🔍 1. Market Structure Overview The pair has been in a strong uptrend, moving from around 1.04 → 1.19 — a clear bullish impulse phase. Recently, price has been consolidating within a sideways range between approximately 1.14 (support) and 1.19 (resistance). This consolidation forms what’s called a distribution zone at the top of an extended rally — often a sign of potential trend exhaustion. --- 🟥 2. Institutional Zones Red Box (1.1850–1.1918) → This is our institutional sell zone / supply zone. Price tapped into this zone multiple times but failed to close strongly above it — showing rejection and absorption of buy orders, suggesting that smart money may be distributing longs and positioning for shorts. Blue Box (1.1400–1.1500) → This marks our institutional buy zone / demand zone. It’s where liquidity is resting below recent swing lows — if price returns here, it may act as support or a liquidity sweep zone before a deeper reversal. --- 📊 3. Candle Behavior and Momentum Weekly candles show long upper wicks near resistance (1.19 area) → clear selling pressure. Volume and body size are decreasing — momentum is losing steam, confirming possible buyer exhaustion. The current price at 1.1629 is right in the middle of that range, showing indecision (no strong directional conviction yet). --- 🔮 4. Probable Scenarios Going Forward 🐻 Bearish Scenario (more likely short-term) If price breaks below the blue box (≈1.1400) and closes beneath it on the weekly timeframe, that would confirm distribution completion → signaling a reversal to a bearish trend. First bearish targets could be 1.1200, then 1.1000 and potentially 1.0176 (previous low). 🐂 Bullish Scenario (less likely for now) For bulls to regain control, EUR/USD must break and close above 1.1920 with strong bullish candles. That would confirm continuation of the uptrend toward 1.2100–1.2250 levels. --- ⚖️ 5. Summary Bias TimeframeTrendBiasKey Confirmation WeeklyUptrend but losing strengthNeutral → BearishBreak below 1.1400 DailyRange-boundBearish within rangeLower highs forming MonthlyBullish but toppingEarly distributionWicks rejecting 1.19–1.20 --- 🧭 Conclusion The uptrend is weakening, and EUR/USD is showing signs of a potential top formation. If the current range breaks downward, we may be witnessing the early stages of a medium-term reversal from bullish to bearish. Until a decisive breakout occurs, expect range trading between 1.14–1.19, with sellers likely dominating near the top. ---