EURUSD

When analyzing EUR/USD on the daily timeframe, we can identify a strong demand zone that has remained intact. Each time price taps into this zone, it drives to the upside. To gain insight into the internal price action, I’ve moved to the lower timeframe, where we’ve observed a bounce off the higher timeframe demand zone, along with a change of character. This shift indicates that buyers have stepped into the market, and price has since been printing higher highs.

With this bullish momentum, some inefficiency has been left in the market. Below this inefficiency lies a demand zone that swept the previous lows and broke structure, confirming its validity. Above the inefficiency, we can see resting liquidity that needs to be swept.

I’m waiting for price to take out this liquidity, fill the inefficiency, and then push to the upside, continuing the overall bullish trend. Additionally, using our Fibonacci tool, we are in the golden zone for entries, which also aligns with a discounted zone, further supporting our long bias.