Hi Everyone,
As highlighted in our previous idea, EUR/USD continues to correct above the 1.16000 zone, which could potentially set the stage for a renewed push higher toward the 1.17889 level. Should price extend lower in search of further demand, the next key area of interest sits around 1.15200, where we anticipate strong buying interest to step in.
The impulsive rally from the 1st August low continues to reinforce our bullish outlook on EUR/USD, and upcoming headlines in what looks to be a decisive week could provide the catalyst for the Fiber to press higher.
Our broader outlook remains unchanged: we continue to expect the pair to build momentum for another leg to the upside. A decisive break above 1.17889 would open the path toward the 1.18350–1.19290 area and ultimately the 1.20000 handle.
We’ll be monitoring price action closely to see whether this recovery gains traction and if buyers can sustain momentum through resistance. The longer-term outlook remains bullish, provided price continues to hold above the key support zone.
We’ll keep you updated throughout the week as the structure unfolds and share how we’re managing our active positions.
Thanks again for all the likes, boosts, comments, and follows — your support is truly appreciated!
All the best for the rest of the week.
Trade safe.
BluetonaFX
As highlighted in our previous idea, EUR/USD continues to correct above the 1.16000 zone, which could potentially set the stage for a renewed push higher toward the 1.17889 level. Should price extend lower in search of further demand, the next key area of interest sits around 1.15200, where we anticipate strong buying interest to step in.
The impulsive rally from the 1st August low continues to reinforce our bullish outlook on EUR/USD, and upcoming headlines in what looks to be a decisive week could provide the catalyst for the Fiber to press higher.
Our broader outlook remains unchanged: we continue to expect the pair to build momentum for another leg to the upside. A decisive break above 1.17889 would open the path toward the 1.18350–1.19290 area and ultimately the 1.20000 handle.
We’ll be monitoring price action closely to see whether this recovery gains traction and if buyers can sustain momentum through resistance. The longer-term outlook remains bullish, provided price continues to hold above the key support zone.
We’ll keep you updated throughout the week as the structure unfolds and share how we’re managing our active positions.
Thanks again for all the likes, boosts, comments, and follows — your support is truly appreciated!
All the best for the rest of the week.
Trade safe.
BluetonaFX
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JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
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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.