๐๐จ๐ฅ/๐จ๐ฆ๐ ๐ช๐ฒ๐ฒ๐ธ๐น๐ ๐ข๐๐๐น๐ผ๐ผ๐ธ
๐๐จ๐ฅ/๐จ๐ฆ๐ ๐ช๐ฒ๐ฒ๐ธ๐น๐ ๐ข๐๐๐น๐ผ๐ผ๐ธ | ๐๐๐ด๐๐๐ ๐ญ๐ฌโ๐ญ๐ฐ, ๐ฎ๐ฌ๐ฎ๐ฒ
Based on my analysis of the **DXY and Euro Futures (6E1!)**, here is my outlook for **EUR/USD** for the week of August 10โ14.
The current price is trading **inside a bearish D1 Fair Value Gap (FVG)** and above a **bearish Order Block**.
Looking at the range of the last two weeks, EUR/USD has already made an upside move of approximately **255 pips**.
After such an expansion, a **retracement or correction to the downside** is a reasonable scenario.
Below the current price, there are several **liquidity pools** that could become potential draw-on-liquidity targets.
The broader picture is therefore aligned:
**DXY โ Bullish bias**
**6E1! โ Bearish bias**
**EUR/USD โ Bearish bias**
However, a bias is not a trade.
๐ช๐ฒ ๐๐ถ๐น๐น ๐๐ฒ๐ฒ ๐๐ต๐ฎ๐ ๐๐ต๐ฒ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ต๐ผ๐๐.
I will wait for **liquidity to be taken, market structure to shift, and displacement to confirm the direction** before considering an entry.
**๐ก๐ผ ๐ฟ๐ฎ๐ถ๐ฑ, ๐ป๐ผ ๐๐ฟ๐ฎ๐ฑ๐ฒ.**