Lingrid | EURUSD Potential Surge Following Channel Breakout

is consolidating after bouncing from a key confluence of support around 1.16000 and forming a higher low within the upward channel. The recent corrective pullback through a downward channel now appears complete, with bullish structure resuming. Price is likely to advance toward the 1.18300 resistance as long as the 1.15900 zone holds. Momentum favors a continuation of the A-B-C and trend continuation sequences already established.

📉 Key Levels

Buy trigger: Break above 1.16500
Buy zone: 1.16000–1.16250
Target: 1.18300
Invalidation: Close below 1.14500

💡 Risks

Failure to break the corrective channel resistance
Bearish divergence on lower timeframes
Broader USD strength reversal

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

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crawls up 🐱‍🐉

Lingrid

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Lingrid

💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi

🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid

🌎WebSite: lingrid.org

Also on: