EUR/USD has recently broken above the ascending channel and is now retesting the previous breakout zone between 1.15205 and 1.15325. This area may act as new support.
If the level holds, we may see continuation toward 1.15701, with potential extension to 1.16309 if bullish momentum continues.
A confirmed break back below 1.1520 would invalidate the bullish idea and suggest a false breakout.
🔹 Support zone (retest): 1.15205 – 1.15325
🔹 Target 1: 1.15701
🔹 Target 2: 1.16309
🔹 Timeframe: 1H
🔹 Structure: Retest of breakout level
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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.