Liquidity Grab Above Resistance – Bearish Move Expected

Wait 5 sec.

Liquidity Grab Above Resistance – Bearish Move ExpectedEUR/USDOANDA:EURUSDLunadigitalEURUSD has shown a strong rejection from the resistance zone around 1.1840 – 1.1850, aligning with the upper trendline. The market failed to sustain above this level, indicating a potential bull trap / liquidity sweep. Price is now pulling back and approaching key Fibonacci retracement levels, which may act as short-term support before continuation. πŸ”‘ Key Levels: * Resistance: 1.1840 – 1.1850 * Current Price: ~1.1680 * Fibonacci Zones: * 0.618 β†’ 1.1633 * 0.72 β†’ 1.1598 * 0.786 β†’ 1.1575 * Major Support: 1.1500 βΈ» πŸ“‰ Outlook: As long as price remains below the resistance and inside the structure, expect a corrective bearish move toward the 1.1600 – 1.1570 zone. A bounce may occur from this area, but overall structure suggests short-term downside first. Bias: Bearish (Short-term) Setup: Sell on pullbacks / continuation βΈ» ⚠️ Disclaimer: This is not financial advice. Trade at your own risk.