EUR/USD Technical Blueprint: Bullish Continuation Patterns and Strategic Price Zones Explained
🔹 Market Structure & Trend
The chart shows a clear shift from a ranging phase into a bullish breakout:
Price previously consolidated in a broad horizontal channel, with a strong demand zone (support) established between 1.16000 – 1.16600.
Following a deep liquidity grab on July 17-18, the price bounced sharply from support, creating higher highs and higher lows – a classic bullish structure.
Current momentum shows bullish continuation, as the price broke above local resistance around 1.16645 and is now forming a potential bull flag or bullish pennant pattern.
🟢 Bullish Momentum Confirmation
Price is currently retesting the broken resistance (now acting as support at 1.16645).
If the support holds and bullish momentum continues, the measured move target projects a price move toward 1.17331, the next significant resistance level.
This is also supported by increased volume activity in the breakout zone, as seen on the VPVR.
📊 Key Technical Levels
Level Type Description
1.16000 Major Support Historical demand zone + liquidity grab
1.16645 Support Zone Previous resistance, now retest area
1.16926 Current Price Bullish consolidation forming
1.17331 Resistance Bullish target based on breakout projection
1.17700+ Extension Potential continuation level if momentum persists
🧠 Volume & Volatility Insight
Bollinger Bands are expanding post-breakout, indicating increasing volatility and a potential trend continuation.
VPVR shows a high-volume node around 1.166, confirming it as a strong demand zone.
🔎 Outlook & Strategy
✅ Bullish Bias
As long as the price remains above 1.16645, buying dips could be a favorable strategy.
A break above 1.17000 with strong volume could open a path toward 1.1733 and higher.
❌ Invalidation Level
A strong close below 1.16600 would invalidate the bullish setup and could return price to the lower support around 1.16000.
📌 Conclusion
EUR/USD is displaying strong bullish momentum after breaking a key resistance level and forming a solid support base. A breakout above 1.17000 may lead to a continuation toward 1.17331 and potentially higher. This setup favors bullish positioning with tight risk management.
🔹 Market Structure & Trend
The chart shows a clear shift from a ranging phase into a bullish breakout:
Price previously consolidated in a broad horizontal channel, with a strong demand zone (support) established between 1.16000 – 1.16600.
Following a deep liquidity grab on July 17-18, the price bounced sharply from support, creating higher highs and higher lows – a classic bullish structure.
Current momentum shows bullish continuation, as the price broke above local resistance around 1.16645 and is now forming a potential bull flag or bullish pennant pattern.
🟢 Bullish Momentum Confirmation
Price is currently retesting the broken resistance (now acting as support at 1.16645).
If the support holds and bullish momentum continues, the measured move target projects a price move toward 1.17331, the next significant resistance level.
This is also supported by increased volume activity in the breakout zone, as seen on the VPVR.
📊 Key Technical Levels
Level Type Description
1.16000 Major Support Historical demand zone + liquidity grab
1.16645 Support Zone Previous resistance, now retest area
1.16926 Current Price Bullish consolidation forming
1.17331 Resistance Bullish target based on breakout projection
1.17700+ Extension Potential continuation level if momentum persists
🧠 Volume & Volatility Insight
Bollinger Bands are expanding post-breakout, indicating increasing volatility and a potential trend continuation.
VPVR shows a high-volume node around 1.166, confirming it as a strong demand zone.
🔎 Outlook & Strategy
✅ Bullish Bias
As long as the price remains above 1.16645, buying dips could be a favorable strategy.
A break above 1.17000 with strong volume could open a path toward 1.1733 and higher.
❌ Invalidation Level
A strong close below 1.16600 would invalidate the bullish setup and could return price to the lower support around 1.16000.
📌 Conclusion
EUR/USD is displaying strong bullish momentum after breaking a key resistance level and forming a solid support base. A breakout above 1.17000 may lead to a continuation toward 1.17331 and potentially higher. This setup favors bullish positioning with tight risk management.
Trade closed: target reached
✅ ETH Target Reached – Precision in Technical SetupEthereum (ETH) has hit the projected target after a clean breakout from its consolidation zone. The move aligned perfectly with key technical signals, including volume surge, pattern breakout, and momentum confirmation.
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Market Analyst | XAU/USD Focused
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Live trades & strategies shared daily
Join our Telegram t.me/Mentor_Michael033
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Live trades & strategies shared daily
Join our Telegram t.me/Mentor_Michael033
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.