EUR/USD Futures Market Shows Rejection in Premium Pricing Area
The EUR/USD futures market is showing signs of rejection in its premium pricing area, according to recent analysis by J.Dub from the Sniper Trading System.
Last week, J.Dub identified a higher-timeframe framework for the trade, which has now been audited against current price movements. The Weekly structure remains bearish following the previously identified Weekly Break of Structure.
Price expanded back into premium pricing, trading into a cluster of higher-timeframe inefficiencies including Daily and 4H Rejection Gaps. However, rather than accepting above that premium area, price has begun showing rejection.
J.Dub is watching the next key areas of interest: the Daily Equilibrium/bearish target zone around 1.1480-1.1500 and the Daily Discount objective with lower Daily liquidity zones beneath it.