Euro sits after a London killzone sweep of PDH/PDL and Asian session liquidity, with a Class A bullish displacement forming off the ITL at 1.17055. The move displaced through 1.1775, printing an FVG between 1.1768–1.1767 inside the displacement envelope. Price has retraced into Asian high structure around the MSS level near 1.17715, sitting just above the iFVG. The swing sequence shows a lower ITH (1.17285) after the prior ITH (1.17655), confirming downside structure before the current bullish impulse.
The London open's sweep of both PDH and PM Lo, combined with the Asian session's high and low, has left a clean displacement with internal liquidity voids. The killzone context matters here: London's aggressive sweep into prior session liquidity established displacement momentum into the New York open window. A student observing this should note how multiple session liquidity sweeps *before* a Class A displacement often signal institutional accumulation into a high-probability direction—the absence of rejection at those swept levels becomes confirmation of intent.
same setup, second lens
Traditional TA perspective
VWAP / EMA stack / RSI / MACD / Volume
━ VWAP━ EMA 20━ EMA 50┄ EMA 200·━ RSI(14)━ MACD━ Signal
Price sits precisely at VWAP with the 20, 50, and 200 EMAs stacked in bullish alignment, establishing a clean uptrend structure. RSI at 65.17 reflects strong momentum without yet entering overbought territory, leaving room for continued conviction. MACD line holds above signal with a positive histogram, confirming the directional bias. Volume at 1491 contracts sits 25% above the 20-bar average, providing above-average participation at the firing bar—enough to register above the typical baseline without reaching exceptional expansion. The ATR reading reflects minimal intrabar volatility, suggesting a tight consolidative environment. The confluence of stacked uptrend confirmation, elevated RSI, positive MACD alignment, and above-average volume together points to sustained bullish posture, with price anchored at VWAP offering a neutral friction point for further momentum development.