EURUSD moved higher last week and continued to show bullish structure.
However, after the upside move, the pair appeared to be searching for sell-side liquidity. This suggested that a short-term correction could happen before the next bullish continuation.
The main view was a short-term correction first, then possible bullish continuation after liquidity is collected.
EURUSD Weekly Technical Analysis
This EURUSD weekly technical analysis focused on market structure and order flow.
Price had already moved higher during the previous week. The earlier trading plan and target also worked well.
At this point, the market was not showing a clean reason to chase the upside.
Instead, EURUSD looked ready for a corrective move to collect sell-side liquidity before another possible bullish move.
Why EURUSD Needed a Correction
A bullish market does not move straight upward every week.
After price creates a strong move, it often retraces. This helps the market collect liquidity and create a better continuation area.
In this case, EURUSD was searching for sell-side liquidity below the current price area.
If price collected that liquidity and then reacted, the bullish structure could continue.
A correction inside a bullish structure can become the setup phase for the next upside move.
Video Analysis
The embedded video explains the EURUSD order-flow view, sell-side liquidity area, correction plan, and possible bullish continuation.
Order Flow Trading View
This analysis followed an order-flow approach.
Order flow helps traders understand where price may move next based on liquidity, structure, and reaction zones.
In this EURUSD outlook, the market had already moved bullish. However, price still needed a small correction.
The correction could help price collect sell-side liquidity before continuing higher.
For better understanding of trade execution and order placement, traders can read our guide on forex orders.
SMC Trading View
This forecast was based on Smart Money Concept analysis.
The main focus was structure, liquidity, and reaction areas. This method does not depend on lagging indicators.
The key idea was simple. If price moved lower to collect liquidity and then reacted, buyers could return.
If price failed to hold after the correction, traders needed to wait for a new structure.
Sell-Side Liquidity Area
Sell-side liquidity usually sits below recent lows or obvious support areas.
Price may move into that area to trigger orders before reversing or continuing.
In this weekly forecast, EURUSD was expected to look for that liquidity before the next bullish move.
The sell trade target could be below the area shown in the video analysis.
Trading Plan for EURUSD
The trading plan was to avoid chasing price at the top.
Instead, traders needed to wait for the correction and observe the reaction after liquidity was taken.
If buyers returned after the liquidity sweep, a bullish continuation setup could form.
If price failed to react, the correction could extend lower.
- Main structure: Bullish after the previous weekly move.
- Short-term view: Correction toward sell-side liquidity.
- Key idea: Liquidity collection before continuation.
- Confirmation: Bullish reaction after liquidity is taken.
- Risk point: Failure to recover after liquidity weakens the bullish view.
Risk Management View
A bullish outlook still needs a clear risk plan.
Traders should not enter only because the main trend is bullish. The entry needs confirmation.
Stop loss should be placed where the trade idea becomes invalid. Target should also be planned before entry.
For better stop-loss planning, traders can review our guide on how to set a stop-loss order.
Signal Planning View
A weekly outlook gives direction. A signal plan gives execution.
For EURUSD, the important parts were liquidity, correction, confirmation, entry area, stop loss, and target.
Traders who want structured trade ideas with planned entry, stop loss, take profit, and trade-management updates can learn more about our forex signals service.
The goal is not to predict every candle. The goal is to wait for structure, liquidity, confirmation, and controlled risk.
Final Thoughts
EURUSD was still showing bullish structure after last week’s move.
However, the market appeared to need a short-term correction to collect sell-side liquidity.
After that correction, EURUSD could continue bullish again if buyers confirmed from the reaction area.
Traders should stay patient, wait for confirmation, and manage risk before entering any setup.
Editorial Note: This post was prepared as a PreferForex EURUSD weekly technical analysis for June 19, 2023. It explains the bullish structure, sell-side liquidity search, correction view, video analysis, SMC trading view, and risk-focused trade planning.
Risk Disclaimer: Forex trading involves risk and can result in financial loss. This post is for educational and informational purposes only and does not constitute financial advice, investment advice, or a guarantee of trading results. Always trade with proper risk management.