EURUSD 1H: Accumulation at Bottom – Long Setup Reacting

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EURUSD 1H: Accumulation at Bottom – Long Setup ReactingEUR/USDOANDA:EURUSDjongwon_fx■ Market Overview & Trend Analysis After a prolonged bearish expansion, EURUSD has established a clear accumulation phase at the local lows. The bearish momentum is significantly fading as price action transitions from a clean downtrend into a sideways consolidation box, prepping for a potential bullish reversal/retracement. ■ Technical Evidences & Confluences Liquidity Sweep & Accumulation: Price swept the sell-side liquidity at the absolute low and immediately bounced back into the consolidation range. This indicates institutional accumulation (buying pressure) absorbing the retail sell stops. Key Support (1D C.E): The price is currently finding solid structural confluence and holding right above the 1D C.E (1-Day Consequent Encroachment) level at 1.13628. This key level is acting as the baseline support for our bullish bias. EMA Confluence: The short-term moving averages are flattening out and beginning to curl upwards, shifting from dynamic resistance into immediate structural support. ■ Trading Plan & Scenario Entry Zone: Around the current retest of the 1D C.E line (1.13628 - 1.13700) as price builds higher-low structural liquidity. Stop Loss (SL): Invalidation level is placed safely below the recent consolidation swing low at 1.13422. A clean candle body close below this level invalidates this long setup. Take Profit (TP): Target is set at the major structural liquidity pool and resistance high near 1.14179. Trade safe, manage your risk properly, and let’s see if London/New York sessions trigger the expansion upward!