Euro / U.S. Dollar
Long
Updated

EUR/USD Bullish Setup from Key Support

145
📈 EUR/USD Bullish Setup – Targeting 1.18500
Timeframe: 4H
Pair: EUR/USD

💡 Analysis:
The market is currently showing strong bullish momentum with clear support zones holding price action. After a healthy retracement, price is reacting well around the recent support level near 1.16800. If this level holds, we can anticipate a bullish continuation toward the target resistance zone at 1.18500.

🔶 Support Levels:
1. 1st Support Area: ~1.16800 – Recent consolidation and strong reaction zone
2. 2nd Support Area: ~1.15800 – Previous breakout level
3. 3rd Support Area: ~1.14300 – Major structure support

🎯 Target Point:
• 1.18500 – Major resistance and previous swing high

📊 Trade Idea:
We are looking for a bullish move from the current price level (~1.1700) toward the resistance at 1.1850. If price respects the nearest support zone, long entries with proper risk management could be favorable.
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