EUR/USD Bearish Trend Emerges as Price Rejects Premium Pricing
The EUR/USD exchange rate's weekly update has revealed a bearish trend following the break of its Weekly structure. Price expanded back into premium pricing, trading near areas of higher-timeframe inefficiencies such as daily gaps and rejection zones.
However, rather than accepting above this premium area, price began showing signs of rejection. This development is being closely watched by traders.
The next key area of interest lies at the Daily Equilibrium / bearish target zone around 1.1480-1.1500. If the bearish structure continues to develop and price accepts below this region, attention will shift toward the Daily Discount objective.
J.Dub emphasizes that the focus is not on predicting every candle but rather identifying where price is located within the higher-timeframe framework and allowing lower-timeframe structure to confirm or invalidate the idea.