Usman Salis
The EUR/USD pair has once again demonstrated why it remains one of the most actively traded currency pairs, delivering explosive price movements that create both opportunities and challenges for traders. Recent price action has shown dramatic swings that highlight the ongoing battle between buyers and sellers at critical technical levels.
EUR/USD Price Hits Immediate +2RR
EUR/USD just showed off its wild side with a lightning-fast breakout. After quickly touching the 1.1620 support area, the pair shot through the 1.1640–1.1650 liquidity zone and jumped to a session high of 1.1684. This clean move gave traders a solid +2RR setup, paying off nicely for those who saw the bullish bounce coming.
Trader @sirrillahfx pointed out how these liquidity sweeps often create great scalping chances. The move also left behind a fair value gap, showing that big institutional players were likely behind this price action.
The charts tell a clear story: price grabbed liquidity below 1.1620, catching late sellers off guard before launching higher. This pattern is classic market maker behavior – they engineer liquidity before pushing price in their intended direction.
The pullback from 1.1680 looks like profit-taking, but the bullish setup stays valid as long as EUR/USD holds above 1.1640. Day traders are keeping a close eye on this zone as it could fuel another upward move.
What's Next for EUR/USD Price?
If buyers can protect the 1.1640–1.1650 support area, we might see another push toward 1.1700 and possibly 1.1750. A clean break above these levels would confirm the bulls are still in control.
However, if EUR/USD drops back below 1.1620, sellers could take charge and drive the pair toward 1.1600 and lower. With ECB and Fed events coming up, expect plenty of volatility to continue.
Usman Salis
