EUR/USD Bullish Continuation Analysis 🚀💶
📊 Chart Summary:
The EUR/USD pair is demonstrating a strong bullish structure with consistent higher highs and higher lows. Recent price action shows a breakout above the 1.16386 resistance level, now acting as support 🛡️. The market is currently retracing and might retest this new support zone before continuing its upward move toward the target.
🔍 Key Observations:
🔸 Bullish Structure:
Multiple bullish impulses have formed a clean staircase pattern (🔼⬆️), indicating sustained buying momentum.
🔸 Support Zone 🟦 (1.13200 - 1.14000):
This zone has been tested multiple times, confirming its strength and the base of this bullish rally.
🔸 Breakout & Retest 🟠:
Price broke above the 1.16386 resistance level, pulled back slightly (highlighted by the orange circle), and now looks ready for a potential continuation to the upside.
🔸 Target 🎯: 1.18010
A clear target has been set based on measured move or resistance projection. If the price respects the current structure, we may see a continuation toward this level.
✅ Trade Outlook:
Bias: Bullish 📈
Entry Zone: Around 1.16386 (upon bullish confirmation)
Target 🎯: 1.18010
Invalidation ❌: Break below 1.1600 with bearish momentum
🧠 Technical Tip:
Always wait for confirmation on the retest before entering. Wick rejections or bullish engulfing candles at the support zone can provide additional entry confidence. 🔍✅
📊 Chart Summary:
The EUR/USD pair is demonstrating a strong bullish structure with consistent higher highs and higher lows. Recent price action shows a breakout above the 1.16386 resistance level, now acting as support 🛡️. The market is currently retracing and might retest this new support zone before continuing its upward move toward the target.
🔍 Key Observations:
🔸 Bullish Structure:
Multiple bullish impulses have formed a clean staircase pattern (🔼⬆️), indicating sustained buying momentum.
🔸 Support Zone 🟦 (1.13200 - 1.14000):
This zone has been tested multiple times, confirming its strength and the base of this bullish rally.
🔸 Breakout & Retest 🟠:
Price broke above the 1.16386 resistance level, pulled back slightly (highlighted by the orange circle), and now looks ready for a potential continuation to the upside.
🔸 Target 🎯: 1.18010
A clear target has been set based on measured move or resistance projection. If the price respects the current structure, we may see a continuation toward this level.
✅ Trade Outlook:
Bias: Bullish 📈
Entry Zone: Around 1.16386 (upon bullish confirmation)
Target 🎯: 1.18010
Invalidation ❌: Break below 1.1600 with bearish momentum
🧠 Technical Tip:
Always wait for confirmation on the retest before entering. Wick rejections or bullish engulfing candles at the support zone can provide additional entry confidence. 🔍✅
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Disclaimer
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JOIN MY TELEGRAM CHANNEL
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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PARTNER CODE⤵️
uvd1etcgg1
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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PARTNER CODE⤵️
uvd1etcgg1
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.