EUR/USD Shorts from 1.07800 back down

This week, my analysis for EU is showing slow movement, as it isn't close to any key Points of Interest (POI). However, after the CPI release, I expect a surge in liquidity, which could lead to a retracement in EU. From there, I’ll be looking to enter sell positions at a supply zone I've marked, which previously caused a break of structure to the downside.

There are two potential supply zones to watch: the 9-hour supply zone or the 2-hour supply zone above it. If price begins to slow down and distributes upward, I’ll be cautious. However, if the price continues to drop, I’ll wait for a new supply zone to form or look to enter buy positions from the 3-hour supply zone, as outlined in Scenario B.

Confluences supporting EU sell positions are:

- Price action has been strongly bearish, aligning with a pro-trend idea.

- The DXY has been bullish, which suggests EU could continue to move down.

- Liquidity remains focused to the downside.

- A potential supply zone is identified, providing a possible selling POI.

P.S. If price breaks structure to the downside, I’ll wait for a retest and then follow the downtrend.

Look out for CPI and remain diligent!