Trend Overview:
The EUR/USD currency pair maintains a bullish sentiment, supported by a sustained rising trend. Recent intraday price action shows a bullish flag breakout, a continuation pattern that typically signals further upside potential.
Key Levels to Watch:
Support:
1.1525 – critical former consolidation zone and breakout base
Below that: 1.1440 and 1.1360 as deeper retracement targets
Resistance:
Initial target: 1.1700
Further resistance at: 1.1740 and 1.1780
Scenarios:
Bullish Continuation:
A retest and hold of the 1.1525 support would confirm strength post-breakout
Could trigger renewed buying toward 1.1700, then 1.1740 and 1.1780
Bearish Reversal:
A daily close below 1.1525 would invalidate the bullish flag
Opens the path for a deeper correction toward 1.1440 and 1.1360
Conclusion:
EUR/USD remains technically bullish following the flag breakout, with upside momentum favoured above 1.1525. Traders should watch for price action near this key level — holding it supports a bullish continuation, while a breakdown may trigger a short-term bearish correction.
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.
The EUR/USD currency pair maintains a bullish sentiment, supported by a sustained rising trend. Recent intraday price action shows a bullish flag breakout, a continuation pattern that typically signals further upside potential.
Key Levels to Watch:
Support:
1.1525 – critical former consolidation zone and breakout base
Below that: 1.1440 and 1.1360 as deeper retracement targets
Resistance:
Initial target: 1.1700
Further resistance at: 1.1740 and 1.1780
Scenarios:
Bullish Continuation:
A retest and hold of the 1.1525 support would confirm strength post-breakout
Could trigger renewed buying toward 1.1700, then 1.1740 and 1.1780
Bearish Reversal:
A daily close below 1.1525 would invalidate the bullish flag
Opens the path for a deeper correction toward 1.1440 and 1.1360
Conclusion:
EUR/USD remains technically bullish following the flag breakout, with upside momentum favoured above 1.1525. Traders should watch for price action near this key level — holding it supports a bullish continuation, while a breakdown may trigger a short-term bearish correction.
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.