EURUSD DAILY TIMEFRAME ANALYSIS

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EURUSD DAILY TIMEFRAME ANALYSIS Euro/US DollarFX:EURUSDenwemadufranklyn1989From the chart (EUR/USD, Daily), here’s the breakdown: --- Trend Analysis Medium-term context: Price previously made a strong bullish run from late May to late June 2025, topping near 1.1840. Recent action: After that peak, we’ve seen a lower high and lower low structure, meaning the market shifted into a bearish correction. Current state: Price is in a range/consolidation between roughly 1.1400 (support) and 1.1780 (resistance), but leaning bullish short-term because the recent candles have been climbing back toward the upper mid-range. The key mid-range level around 1.1680–1.1700 is being retested — this is both a former support-turned-resistance and a zone where many stop orders could be clustered. --- Liquidity & Stop Hunt Zones 1. Above current highs (bullish liquidity) Around 1.1730–1.1780: Previous swing highs and order block zone. Institutions could push price above here to trigger buy stops before reversing. Above 1.1840: Major liquidity pool from the June top. 2. Below current lows (bearish liquidity) Around 1.1610: Recent swing low and consolidation base. Around 1.1560: Cluster of lows where stop losses for buyers may sit. 1.1400 zone: Key liquidity pool from the July drop — large stop cluster likely below here. --- Possible Stop Hunt Scenarios Bullish Stop Hunt: Price could run above 1.1730 to take out breakout buyers’ stops and then reverse down. Bearish Stop Hunt: Price could drop below 1.1610 to grab liquidity before pushing up again toward 1.1780.