EURUSD: Buyers Defend 1.1780 - Upside in Focus 1.1870

4 days ago

Hello everyone, here is my breakdown of the current EURUSD setup.

Market Analysis

EURUSD was previously trading within a well-defined downward channel, where price consistently respected the descending resistance and support boundaries, forming a series of lower highs and lower lows. This structure confirmed sustained bearish control and orderly downside continuation. During this phase, several bearish pushes developed smoothly within the channel, highlighting strong seller dominance. After breaking the channel, EURUSD continued higher and successfully reclaimed the Support Zone around 1.1780, which acted as a key decision level. The breakout and subsequent hold above this zone confirmed a change from bearish structure into a bullish recovery phase. Price then accelerated toward the 1.1870 Resistance Zone, where supply became active again, resulting in consolidation and multiple breakout attempts.

Currently, price is trading above the rising trend line, while also forming a descending corrective structure beneath the triangle resistance line. Despite the pullback, the market continues to respect higher lows, suggesting that the recent decline is corrective rather than impulsively bearish. The ability of EURUSD to hold above the support zone keeps the bullish structure intact.

My Scenario & Strategy

My primary scenario favors a long continuation as long as EURUSD holds above the 1.1780 Support Zone and respects the rising trend line. The current consolidation appears to be a corrective pause within a broader bullish structure. A successful break and acceptance above the triangle resistance and the 1.1870 Resistance Zone would likely trigger renewed upside momentum. If buyers manage to reclaim and hold above resistance, the next bullish leg could extend higher, following the direction of the dominant trend.

However, a decisive breakdown below the support zone and trend line would weaken the bullish scenario and signal a potential deeper correction or range formation. For now, structure favors buyers, with pullbacks viewed as opportunities for continuation rather than trend reversal. EURUSD remains at a key technical decision area, and price reaction around support will be critical for the next move.

That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.

3 days ago

Trade active

The situation with the euro shows that our analysis is clearly working and the price is moving outside the trend line. Therefore, we will continue to monitor the situation.

2 days ago

Note

So far, the price continues to be in the range zone.

2 days ago

Trade closed manually

The euro continues to be in a consolidation phase.