Hi Everyone,
Since the 1st August low, EUR/USD has rallied swiftly back above the 1.16000 level, reclaiming the key 1.16450 zone. If the current consolidation holds above the 1.15888–1.16170 area, this should provide a base for further upside toward 1.17889.
A sustained push into this level in the coming sessions would further confirm renewed buying interest.
Our broader outlook remains unchanged: we continue to expect the pair to build momentum for another leg higher. A decisive break above 1.18350 could open the path toward the 1.19290 area and ultimately the 1.20000 handle.
We’ll be monitoring price action closely to see whether this recovery gains traction and if buyers can maintain momentum through resistance. The longer-term outlook remains bullish, provided price continues to respect the key support zone.
We’ll keep you updated throughout the week as the structure develops and share how we’re managing our active positions.
Thanks again for all the likes, boosts, comments, and follows. We truly appreciate the support!
All the best for the rest of the week.
Trade safe.
BluetonaFX
Since the 1st August low, EUR/USD has rallied swiftly back above the 1.16000 level, reclaiming the key 1.16450 zone. If the current consolidation holds above the 1.15888–1.16170 area, this should provide a base for further upside toward 1.17889.
A sustained push into this level in the coming sessions would further confirm renewed buying interest.
Our broader outlook remains unchanged: we continue to expect the pair to build momentum for another leg higher. A decisive break above 1.18350 could open the path toward the 1.19290 area and ultimately the 1.20000 handle.
We’ll be monitoring price action closely to see whether this recovery gains traction and if buyers can maintain momentum through resistance. The longer-term outlook remains bullish, provided price continues to respect the key support zone.
We’ll keep you updated throughout the week as the structure develops and share how we’re managing our active positions.
Thanks again for all the likes, boosts, comments, and follows. We truly appreciate the support!
All the best for the rest of the week.
Trade safe.
BluetonaFX
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t.me/bluetonaFX
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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.
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
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.