Retest breakout, EURUSD uptrend

Apr 8

🔍 1. Market Context (Technical)

📈 Main Trend

Previously: prolonged sideways accumulation
Currently: strong breakout to the upside → shifting into a bullish trend

👉 This is a classic pattern:
Breakout → Retest → Continuation

📊 2. Key Levels

🔵 Support (Key Buy Zone)

Retest zone: 1.1600 – 1.1620
Former resistance → now acting as support
Liquidity zone where buyers are waiting

🔴 Resistance / Targets

Short-term: 1.1680
Mid-term: 1.1700 – 1.1750 (highlighted zone)

🚀 3. Trading Plan

✅ BUY Scenario (Primary)

Price holds above 1.1600
Weak pullback (no strong selling pressure)

Setup (Entry):

Buy at: 1.1600 – 1.1620 (retest zone)

TP1: 1.1680
TP2: 1.1700
TP3: 1.1750

Stop Loss : Below 1.1580

👉 Logic:

Structure break → new bullish trend forming
Retest = optimal entry opportunity

📈 4. Order Flow Perspective

Histogram shows:
Strong buying volume after the breakout
Current pullback comes with weak volume

➡️ Confirmation:

Smart money is still holding long positions

📰 5. Economic News Impacting EURUSD Today

Key events to watch:

Nonfarm Payrolls (NFP) / Jobless Claims
CPI / Core CPI
Fed speeches

👉 Implications:

Weak US data → EURUSD likely to rally
Strong US data → deeper pullback

Meanwhile:

ECB remains cautious but slightly hawkish
Eurozone inflation continues to support the EUR

Apr 9

Trade active

The price is undergoing a correction around 1.16450.