EURUSD — 4H Market Structure 📊
EURUSD is currently around 1.1383, sitting directly on the 1.1340–1.1370 demand zone after another strong bearish leg.
The interesting part of this setup is that price is now approaching a major reaction area, so I'm watching for a corrective recovery rather than assuming immediate continuation lower.
If demand holds, the first upside area is 1.1465–1.1490, followed by 1.1540–1.1560 supply. That upper zone is the key area where sellers could potentially re-enter.
A sustained break below 1.1340 would weaken the recovery scenario and indicate that the bearish structure is still extending.
Current map:
1.1340–1.1370 demand → 1.1465–1.1490 → 1.1540–1.1560 supply
🗓️ Forex Calendar — This Week
This is an important week for EURUSD because the calendar is heavily weighted toward U.S. inflation and employment data.
🔸 Tue 29 Sep: US JOLTS Job Openings + Consumer Confidence
🔴 Wed 30 Sep: Eurozone CPI + US ADP Employment & Core PCE
🔴 Thu 1 Oct: US ISM Manufacturing
🔴 Fri 2 Oct: US Nonfarm Payrolls + Unemployment Rate + Average Hourly Earnings — major USD volatility event.
The Core PCE on Wednesday and NFP on Friday are particularly important because they can influence expectations around the Fed's next policy moves.
For the technical setup, I'm therefore watching how EURUSD behaves around 1.1340–1.1370 before considering the projected recovery.
For now: demand is holding, but confirmation is needed.
*Not financial advice — educational/market-structure analysis only.*
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