EURUSD 1D – Higher Timeframe Reclaim, Continuation Toward 1.20?Euro/US DollarFX:EURUSDFrankAgboEURUSD formed a strong bullish displacement from the 1.1600–1.1660 demand zone, breaking prior structure and impulsively rallying into higher supply. After tapping the 1.20+ region, price pulled back and is now consolidating above a newly formed demand base. Key zones on the chart: Major Supply: 1.2000 – 1.2050 Mid Supply: 1.1880 – 1.1930 Key Demand: 1.1700 – 1.1780 Origin Demand: 1.1600 – 1.1660 🧠 What I’m Watching The bullish impulse remains intact as long as daily structure holds above 1.1700. Current price action suggests: Healthy pullback after expansion Demand holding on retest Potential continuation leg forming Projected path: → Hold above 1.1700–1.1780 → Reclaim 1.1900 → Break toward 1.2000 → Extension into 1.2050 📊 Bullish Scenario (Primary Bias) ✅ Daily closes above 1.1700 ✅ Break and hold above 1.1930 🎯 Target 1.2000 🎯 Target 1.2050 ⚠️ Bearish Invalidation ❌ Daily close below 1.1700 → Opens path back to 1.1600 liquidity → Bullish structure compromised 🏗 Market Logic Strong displacement from higher timeframe demand. Break of prior swing highs confirms bullish shift. Pullback appears corrective, not impulsive. Liquidity rests above 1.2000 highs. Best positioning comes from pullbacks into demand — not chasing resistance. 📌 Key Levels Demand: 1.1700 – 1.1780 Major Demand: 1.1600 – 1.1660 Resistance: 1.1900 Major Supply: 1.2000 – 1.2050 Current Price: ~1.1823 If structure remains intact, EURUSD could rotate back toward 1.20+. If demand fails, deeper retracement unfolds. What’s your higher timeframe bias on EURUSD? 👇 #EURUSD #Forex #PriceAction #Liquidity #TradingView