NITISHEUR/USD Analysis – Bullish Bias
- Market Bias: Bullish.
- Market has already confirmed a bullish structure shift, indicating buyers remain in control.
- Liquidity has been created above the current price, making the upside the primary objective.
- Price was previously consolidating inside a range and is now approaching an important Clearance Level.
- A bullish reaction from the Clearance Level could lead to continuation toward the upside liquidity.
- A second bullish reaction zone is the 50% of the identified Order Block if price retraces deeper.
- There is also a strong bullish hammer before the Clearance Level. Price may retrace into 50% of the hammer wick before continuing higher.
- Trading Bias remains bullish as long as buyers respect either the Clearance Level or the 50% Order Block area.