The price perfectly fulfilled my previous idea. 
EURUSD continues its recovery within the upward channel, having rebounded strongly from the 1.1316 support, aligned with the rising trendline. The pair is forming a higher low, and the structure hints at another bullish leg, potentially pushing into the 1.14 resistance near the channel's top. As long as price holds the 1.1316 zone, the bullish scenario remains valid. A break below would shift the bias back toward the 1.1217 support area.
📈 Key Levels
💡 Risks
EURUSD continues its recovery within the upward channel, having rebounded strongly from the 1.1316 support, aligned with the rising trendline. The pair is forming a higher low, and the structure hints at another bullish leg, potentially pushing into the 1.14 resistance near the channel's top. As long as price holds the 1.1316 zone, the bullish scenario remains valid. A break below would shift the bias back toward the 1.1217 support area.📈 Key Levels
- Buy zone: 1.1316 – 1.1330
- Buy trigger: bounce continuation from trendline
- Target: 1.1400
- Sell trigger: breakdown below 1.1316
💡 Risks
- A hawkish tone from the ECB could cause volatility.
- False breakout patterns near resistance might trap buyers.
- Loss of the trendline would weaken bullish conviction.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
💰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
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.
💰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
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.