📊 Week 1 – EURUSD Analysis Inkunzi Emnyama Wealth Creation

EURUSD Weekly Technical Analysis – Supply Reaction (58 Pips Delivered)

🔎 Trade Recap: H1 Supply Zone Reaction

Earlier this week, I shared a technical outlook highlighting a major H1 supply zone around 1.19173.

Price respected the level with precision and delivered a clean bearish move down to 1.18598.

📉 Total Move: 58 Pips

📍 Entry Zone: 1.19173 (H1 Supply)

🎯 Reaction Low: 1.18598

This was a structured move based on:

• Clear supply rejection
• Bearish momentum confirmation
• Range-bound liquidity behavior

📊 Current Market Structure

EURUSD is currently trading inside a defined range:

• Range High: 1.19173
• Range Low: 1.18598

Until we see a confirmed breakout above supply or below range support, price is likely to continue reacting between these key levels.

Liquidity sweeps at the extremes remain highly probable.

🔮 What to Watch Next

There are two main scenarios:

1️⃣ Bullish Scenario

• Break and close above 1.19173
• Momentum continuation toward higher liquidity
• 
  

2️⃣ Bearish Scenario

• Rejection from range high
• Break below 1.18598
• Continuation toward lower demand zones

Patience and confirmation remain critical.

📈 Why Follow This Weekly Analysis?

Inside the full weekly breakdown, you get:

✔ Key supply & demand zones

✔ Market structure bias

✔ Clear confirmation rules

✔ Risk-based trade planning

✔ Scenario mapping (bullish & bearish)