EURUSD is approaching a major confluence zone at 1.16422 where the downward channel meets the upward trendline and horizontal support. The structure remains bullish with a sequence of higher highs and higher lows, and the current pullback fits within a healthy correction phase. A strong bounce from this triple-support region could trigger a reversal toward 1.18320, validating the continuation of the broader uptrend. All eyes are now on the 1.16450 reaction point for early momentum signs.📉 Key Levels
- Buy trigger: bullish reaction from 1.16422 support zone
- Buy zone: 1.16200–1.16500 (channel base + trendline + demand)
- Target: 1.18320
- Invalidation: confirmed 4H close below 1.1600 breaks upward structure
💡 Risks
- Deeper push below the trendline may trap early buyers
- Low liquidity during the bounce can cause fakeouts
- Unexpected USD strength could stall recovery momentum
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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🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.