Saad Ullah
EURUSD just did something interesting - it swept through sell-side liquidity, shook out weak hands, and bounced right back into a fair value gap. Now it's sitting on a critical Order Block that could make or break the next leg up.
What's Happening Right Now
Forex analyst SIRRILLAH is watching this setup closely, and here's why it matters. The 4-hour chart tells a clean story. Price dropped hard, hit sell-side liquidity to clear out stops, then reversed sharply into an Imbalance/Fair Value Gap zone marked in orange. That gap's been partially filled, which means order flow is starting to balance out. Now the real test begins - the Order Block sitting right underneath current price. If it holds, bulls have confirmation. If it breaks, the whole setup falls apart.
The upside target is straightforward: buy-side liquidity sitting at prior swing highs. That's where the next push could land if momentum stays intact. The liquidity sweep cleared the path, the fair value gap provided structure, and the Order Block is the final checkpoint before takeoff.
Why This Setup Matters
This isn't happening in a vacuum. The euro's catching a bid while the dollar shows weakness, and traders are positioning ahead of U.S. data and ECB commentary. If this technical level confirms, it could amplify the broader move and give EURUSD serious runway.
If the Order Block holds as support, bulls can target 1.09 and beyond - that's where the next liquidity cluster sits. But if price slips below the OB, the bullish case dies and we're likely heading back down to retest sell-side levels. It's that simple.
The structure is there. The liquidity's been swept. Now it's all about whether this Order Block can do its job. Watch this level - it's deciding the next move.
Saad Ullah
