EURUSD: Bullish Push to 1.208?

Feb 1

EURUSD is eyeing a bullish continuation on the 4-hour chart, with price rebounding from support after recent consolidation, converging with a potential entry zone that could fuel upside momentum if buyers push through short-term resistance. This setup suggests a rally opportunity amid the ongoing uptrend, targeting higher levels with approximately 1:2.5 risk-reward.🔥

Entry between 1.1800–1.18350 for a long position. Target at 1.2080. Set a stop loss at a daily close below 1.1828, yielding a risk-rewardratio of approximately 1:2.5. Monitor for confirmation via a bullish candle close above entry with rising volume, leveraging the pair's momentum near support.🌟

Fundamentally, EURUSD is trading around 1.182 in early February 2026, with key events this week potentially driving volatility. For the Euro, Thursday February 5 at 1:15 PM UTC brings the ECB Interest Rate Decision (previous 1.75%), where a hold or dovish signals could weaken EUR amid economic concerns. Also on February 5, the ECB Press Conference at 1:45 PM UTC for policy insights that may cause sharp moves. For the US Dollar, Wednesday February 4 at 2:15 PM UTC features ADP Non-Farm Employment Change (Jan, forecast 41K), potentially pressuring USD if softer. Thursday February 5 at 1:30 PM UTC brings Unemployment Claims (week of Jan 31, forecast 209K), with higher figures weakening USD. Friday February 6 at 1:30 PM UTC includes Non-Farm Payrolls (Jan, forecast 50K) and Unemployment Rate (Jan, forecast 4.4%), the week's highlight—weak data could favor EUR upside. 💡

📝 Trade Setup

🎯 Entry (Long):
1.1800 – 1.1835
(Entry from current price is valid with proper risk & position sizing.)

🎯 Target:
• 1.2080

❌ Stop Loss:
• Daily close below 1.1828

⚖️ Risk-to-Reward:
• ~ 1:2.5

💡 Your view?
Does EURUSD continue higher toward 1.2080, or will ECB/NFP volatility force another consolidation before the next leg up? 👇

Feb 2

Trade active

Trade was activated!

Feb 9

Note

Get free of risk, and breakeven.

Feb 17

Trade closed: target reached

The position was closed with approximately 1:1 R/R, after we reduced our risk, and breakeven the deal.