EURUSD DAILY TIMEFRAME ANALYSIS POSSIBLE LIQUIDITIES STOP HUNT Euro/US DollarFX:EURUSDenwemadufranklyn1989Here’s a breakdown of the EUR/USD Daily Chart with possible liquidities and stop hunts --- Trend Context The chart shows a series of lower highs, confirming a downtrend (highlighted by the descending trendline). Recent price is rallying upward, but it’s moving into heavy resistance zones. --- Key Zones 1. Resistance Zones 1.1720 – 1.1770: Strong supply zone aligning with the descending trendline. Price may struggle to break through here. 1.1780 – 1.1830: Another higher resistance block where previous sellers entered. 2. Support Zones 1.1565 – 1.1600: Minor demand area; price previously bounced here. 1.1405 – 1.1450: Major demand zone and liquidity pool (swing low). --- Liquidity & Stop Hunts Upside Liquidity: Equal highs around 1.1770 – 1.1780. Price could push above this level to grab stops before resuming downtrend. Downside Liquidity: Clean lows around 1.1560 and deeper at 1.1405, which are prime stop-hunt levels for institutions. --- Possible Scenarios 1. Bearish Scenario (Favored by Trendline) Price rejects from the 1.1720 – 1.1770 zone. Downward move toward 1.1560, possibly extending to 1.1405 liquidity. 2. Bullish Scenario (If Breakout Occurs) A strong breakout and close above 1.1780 could invalidate the descending trendline. Next target would be 1.1830 – 1.1850 zone. --- ✅ Bias: Trend still favors the downside unless EUR/USD breaks and closes strongly above 1.1780. 📌 Best plays: Look for sell setups at resistance zones, with potential targets at 1.1560 and 1.1405.