Buyers Step In – EURUSD Eyes 1.1600 Resistance

Apr 6

Hello traders! Here’s my technical outlook based on the current EURUSD (1H) chart structure. Price moved from a downtrend into consolidation, then found strong support and started forming higher lows along an ascending support line, signaling recovery momentum. Currently, price is holding above the 1.1550 demand zone and approaching the 1.1600 resistance (seller zone), while building pressure beneath it. As long as EURUSD holds above the 1.1550 support and respects the ascending support line, the bullish bias remains valid. A breakout above the 1.1600 resistance could trigger continuation toward higher levels (TP1). Please share this idea with your friends and click Boost 🚀

Apr 7

Trade active

We see that the euro has broken through the support level, but has already recovered today. We will continue to monitor the developments in the market!

Apr 8

Trade closed: target reached

Today we see that after the correction, the price returned to the upward movement and reached our target. After which there was another impulse and the price flew up.