EUR/USD is currently trading near a key weekly liquidity area.
Price has weekly equal lows / IRL above the current price around **1.14376–1.14700**, so my expectation is that price may first push higher to take that liquidity and complete the weekly IRL objective.
However, the overall weekly structure remains bearish. So I am not looking to buy aggressively into this move. Instead, I will wait for price to sweep the liquidity above **1.14376–1.14700**, show rejection, and then look for shorts.
My short setup will only be valid if price gives a clear bearish confirmation on the lower timeframe, such as a 1H or 15M MSS/BOS, bearish displacement, or rejection from a bearish POI after the liquidity sweep.
The downside target for this idea is around **1.13200**.
This short idea will be invalidated if price accepts above **1.15000**, especially with a strong 1H or 4H candle close above that level. A simple wick above 1.15000 is not enough to invalidate the setup if price rejects back below quickly.
In simple terms: I am expecting EUR/USD to take upside liquidity first, then reject and continue lower with the weekly bearish structure.