Alex Borzak
⬤ Sharp move, controlled pullback. EUR/USD just delivered a decisive bullish expansion on the daily chart — then paused. Price is sitting above recently reclaimed structure, and instead of aggressive selling we're seeing a calm, consolidation-style pullback. That's not weakness; that's the market digesting the move before the next leg.
⬤ The imbalance and breaker zone are holding. A key daily imbalance sits just below current price, lined up with a breaker level that previously capped upside. A lower fair value gap was already filled earlier in the move — that confirmed the structural shift higher. Since then, price has respected the upper edge of this zone, which tells us buyers are still active. The choppy, overlapping candles near current levels? Classic accumulation behavior, not a reversal signal.
⬤ The old daily high is the next target. The prior daily high is sitting out there as an obvious liquidity pocket. The projected path here is pretty straightforward: a dip back into the imbalance zone, then continuation higher toward that old high. This is standard liquidity-driven price action — retrace into an inefficiency, then resume the trend. As long as the breaker zone stays intact below, the bullish case remains solid.
⬤ Why it matters for the broader FX picture. EUR/USD is one of those pairs that moves the needle on dollar sentiment and risk appetite across the board. A hold above this daily imbalance makes a run toward the old high very realistic. Lose the breaker zone, though, and we're looking at deeper consolidation. Right now the setup is all about patience — wait for the levels to play out, let the zones do the talking.
Alex Borzak
