The euro continued its downward trend over the past week and experienced a notable decline on Monday. However, selling pressure did not persist throughout the rest of the week, and the price entered a ranging (consolidation) phase within the Fair Value Gap (FVG) zone.
Daily Timeframe – EUR/USD
The euro continued its downward trend over the past week and experienced a notable decline on Monday. However, selling pressure did not persist throughout the rest of the week, and the price entered a ranging (consolidation) phase within the Fair Value Gap (FVG) zone.
Fair Value Gap (FVG) range:
1.18134 – 1.18168
Primary Scenario (Higher Probability)
If the price manages to hold above last week’s high, an upward move can be expected to continue toward the midpoint of the order block.
Bullish target:
Order Block midpoint: 1.19540
Key bullish levels:
Last week’s high: 1.18168
Price Order Block: 1.19134 – 1.19935
Alternative Scenario (Lower Probability)
If the price breaks below the FVG zone (1.18134 – 1.18168) and fails to attract buyers at the lower order block, selling pressure may intensify.
In this case, a bearish move toward the major swing is expected—an area that could serve as a liquidity pool and a concentration of traders’ stop orders.
Bearish targets:
Support Order Block: 1.16871 – 1.17241
Major Swing / Liquidity: 1.15828 – 1.16115
Deeper sell side liquidity: 1.15180