EUR/USD Breakout Retest Strategy

EUR/USD Breakout Retest Strategy 🟢📈

📊 Technical Analysis Summary:

The chart illustrates a bullish breakout from a consolidation range with a well-defined support near 1.12500 and resistance between 1.16500–1.17000.

🔍 Key Observations:

🔸 Triple Rejection Zone:
Price faced rejection 3 times (highlighted with orange circles) near the same level before the breakout — classic liquidity sweep above resistance.

🔸 Strong Support Bounce:
Each time price reached the green support zone, it showed strong bullish reaction (green arrows) signaling solid buying interest.

🔸 Break and Retest Formation:
Price broke the previous highs and now seems to be retesting the breakout zone (around 1.15250–1.15300). A successful retest could confirm bullish continuation.

🔸 Projected Bullish Move:
If the retest holds, we may see price pushing up toward the 1.17000 resistance zone as marked.

📌 Trading Plan:

✅ Bullish Bias above 1.15250
✅ Look for bullish candlestick confirmation or breakout structure
🚫 Avoid trades if price drops below 1.15000 with momentum

📈 Target Zone: 1.16500 – 1.17000
🛑 Stop Loss suggestion: Below 1.14750

🧠 Keep patience during the retest — smart money often tests emotions before real moves! 💰📉📈