Hello Traders,

Here is my technical outlook for EURUSD on the 1-Hour chart.

Key Technical Highlights:
- Strong Rejection: Price spiked into the major supply/resistance zone (1.15600 - 1.15700) and faced a sharp rejection, indicating heavy selling pressure.
- Liquidity Sweep: Highs were swept before reversing, confirming a potential fakeout above the resistance level.
- Target Demand Area: Price is expected to push down toward the previous consolidation/demand zone at 1.15200.

Trade Execution Plan:
• Entry Price: 1.15537
• Stop Loss (SL): 1.15754
• Take Profit (TP): 1.15200
• Risk to Reward Ratio: ~1:1.55

Always practice proper risk management and wait for confirmation.

What are your thoughts on this setup? Let me know in the comments!