🔹 Technical Analysis Of EUR/USD
▪️ Key Technical Zones:
▫️ Demand Zone for Bull Run: 1.1470 - 1.1500
▫️ Resistance Turned Support: 1.1520 - 1.1540
▫️ Immediate Resistance Area: 1.1600 - 1.1650
▫️ Final Target Area: 1.1739+
🔹 Market Structure Insight:
▫️ Price recently broke out of the consolidation zone, confirming bullish momentum.
▫️The pullback into demand has been respected, showing strong buying interest.
▫️ Bullish continuation is expected if price holds above the 1.1500 support level.
🔹 Trade Outlook:
▫️ Bullish scenario: Price may consolidate before targeting the 1.1600 resistance and possibly 1.1740 as the final move.
▫️ Invalidation: Breakdown below 1.1470 would weaken the bullish structure.
✅ Summary:
EUR/USD remains in a bullish trend after breaking through resistance and retesting support. Buyers are in control as long as price holds the demand zone. Eyes are on higher targets in the coming sessions.
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
▪️Follow for regular updates and trade setups.
▪️ Key Technical Zones:
▫️ Demand Zone for Bull Run: 1.1470 - 1.1500
▫️ Resistance Turned Support: 1.1520 - 1.1540
▫️ Immediate Resistance Area: 1.1600 - 1.1650
▫️ Final Target Area: 1.1739+
🔹 Market Structure Insight:
▫️ Price recently broke out of the consolidation zone, confirming bullish momentum.
▫️The pullback into demand has been respected, showing strong buying interest.
▫️ Bullish continuation is expected if price holds above the 1.1500 support level.
🔹 Trade Outlook:
▫️ Bullish scenario: Price may consolidate before targeting the 1.1600 resistance and possibly 1.1740 as the final move.
▫️ Invalidation: Breakdown below 1.1470 would weaken the bullish structure.
✅ Summary:
EUR/USD remains in a bullish trend after breaking through resistance and retesting support. Buyers are in control as long as price holds the demand zone. Eyes are on higher targets in the coming sessions.
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
▪️Follow for regular updates and trade setups.
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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.
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.