The EUR/USD pair has officially broken above the descending trendline on the 1-hour (H1) chart — a structure that has exerted downward pressure over several recent sessions. Notably, this breakout is accompanied by a clear retest, signaling a potential confirmation of a trend reversal.
At the time of writing, EUR/USD is trading around 1.17335, while the next major resistance lies near 1.17850 — a level that aligns with a significant volume accumulation zone as shown by the Volume Profile indicator. This increases the likelihood of a strong price reaction in that area.
If EUR/USD holds above the broken trendline and continues to print bullish confirmation signals — such as bullish engulfing candles or a successful breakout-retest pattern — the market could potentially aim for the 1.17850 target in the short term. However, if price faces rejection around this level, we might see a reversal back down or a shift in current positioning.
What do you think about this setup? Share your analysis in the comments below and let’s discuss strategy together!
At the time of writing, EUR/USD is trading around 1.17335, while the next major resistance lies near 1.17850 — a level that aligns with a significant volume accumulation zone as shown by the Volume Profile indicator. This increases the likelihood of a strong price reaction in that area.
If EUR/USD holds above the broken trendline and continues to print bullish confirmation signals — such as bullish engulfing candles or a successful breakout-retest pattern — the market could potentially aim for the 1.17850 target in the short term. However, if price faces rejection around this level, we might see a reversal back down or a shift in current positioning.
What do you think about this setup? Share your analysis in the comments below and let’s discuss strategy together!
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✅ Get 7–10 high-quality trading signals daily (Forex, Gold, Bitcoin)
✅ Real-time updates – precise and timely alerts
✅ Perfect for both beginners and seasoned traders
👉 Click the link to join now: t.me/+xo3AwHaKIcZhZDg9
✅ Real-time updates – precise and timely alerts
✅ Perfect for both beginners and seasoned traders
👉 Click the link to join now: t.me/+xo3AwHaKIcZhZDg9
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.