EURUSD Overview
After evaluating the recent price action, the market did not follow through as we initially anticipated. There was a failure to maintain bullish momentum, which has led to a shift in direction. Based on the updated structure, my new target is the flip zone around the 1.11200 level. This is where I expect the price to make a significant reaction.
We had a clear Break of Structure (BOS) earlier, indicating a potential bearish move. The market is currently showing signs of a retracement, and I anticipate it will move upwards to mitigate the imbalance left behind before heading back down. As we approach the flip zone, we’ll need to watch closely for any signs of rejection or continuation.
Once the price reaches the flip zone, I will reassess and monitor for any signs of reversal or confirmation of a continued bearish trend. For now, my bias remains bearish, with the flip zone being a key area to watch before further downside.
EURUSD
We had a clear Break of Structure (BOS) earlier, indicating a potential bearish move. The market is currently showing signs of a retracement, and I anticipate it will move upwards to mitigate the imbalance left behind before heading back down. As we approach the flip zone, we’ll need to watch closely for any signs of rejection or continuation.
Once the price reaches the flip zone, I will reassess and monitor for any signs of reversal or confirmation of a continued bearish trend. For now, my bias remains bearish, with the flip zone being a key area to watch before further downside.
EURUSD 
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