EURUSD has shown significant bullish momentum after breaking its previous structure. The pair is now undergoing a local corrective phase, which is healthy within an overall upward trend.
Currently, the price remains in a bullish model, suggesting that the correction may be short-lived before a continuation toward the key resistance zone.
Resistance zone 1.17620 / 1.18220
Support Level 1.16800 1.17450
A false breakdown below the identified support level could trigger renewed buying interest, shifting market sentiment in favour of bulls and potentially accelerating the next upward leg.
Ps Support with like and comments for more better analysis Thanks.
Currently, the price remains in a bullish model, suggesting that the correction may be short-lived before a continuation toward the key resistance zone.
Resistance zone 1.17620 / 1.18220
Support Level 1.16800 1.17450
A false breakdown below the identified support level could trigger renewed buying interest, shifting market sentiment in favour of bulls and potentially accelerating the next upward leg.
Ps Support with like and comments for more better analysis Thanks.
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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.