EUR/USD Technical Analysis
Trend Overview:
EUR/USD continues to exhibit bullish price action, supported by a rising trend structure. The recent intraday movement shows signs of sideways consolidation, suggesting a potential continuation pattern rather than reversal.
Key Support Level:
1.1520 – Marks the lower boundary of the previous consolidation range and serves as a critical pivot for directional bias.
Bullish Scenario (Primary Bias):
A corrective pullback into the 1.1520 zone followed by a bullish reversal would confirm continued upward momentum.
Upside targets include:
1.1664 – Near-term resistance.
1.1723 – Mid-term target.
1.1780 – Long-term resistance aligned with prior highs.
Bearish Scenario (Invalidation):
A decisive break and daily close below 1.1520 would invalidate the current bullish outlook.
This would signal a shift toward a deeper correction, targeting:
1.1460 – Initial retracement level.
1.1345 – Major support zone on a broader timeframe.
Conclusion:
The broader trend in EUR/USD remains bullish, with the 1.1520 level acting as a key support threshold. A bounce from this level would support continued upside movement toward 1.1780. However, a confirmed break below 1.1520 would shift momentum to the downside and expose the pair to a deeper retracement.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Trend Overview:
EUR/USD continues to exhibit bullish price action, supported by a rising trend structure. The recent intraday movement shows signs of sideways consolidation, suggesting a potential continuation pattern rather than reversal.
Key Support Level:
1.1520 – Marks the lower boundary of the previous consolidation range and serves as a critical pivot for directional bias.
Bullish Scenario (Primary Bias):
A corrective pullback into the 1.1520 zone followed by a bullish reversal would confirm continued upward momentum.
Upside targets include:
1.1664 – Near-term resistance.
1.1723 – Mid-term target.
1.1780 – Long-term resistance aligned with prior highs.
Bearish Scenario (Invalidation):
A decisive break and daily close below 1.1520 would invalidate the current bullish outlook.
This would signal a shift toward a deeper correction, targeting:
1.1460 – Initial retracement level.
1.1345 – Major support zone on a broader timeframe.
Conclusion:
The broader trend in EUR/USD remains bullish, with the 1.1520 level acting as a key support threshold. A bounce from this level would support continued upside movement toward 1.1780. However, a confirmed break below 1.1520 would shift momentum to the downside and expose the pair to a deeper retracement.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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.
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.