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What are your thoughts on EURUSD?
EUR/USD has recently broken above the descending trendline and the key resistance around 1.1500, confirming a bullish shift in the technical structure.
Following the breakout, price continued higher and reached the next key resistance around 1.1600. From this area, we expect a corrective move toward the highlighted support zone.
If price pulls back into this area, we could see buyers step in again and demand emerge, potentially providing the momentum for another bullish move toward higher levels.
As long as price remains above the highlighted support zone, our bullish outlook remains intact. A sustained break below this area would invalidate the bullish scenario and could signal a deeper correction.
If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️
What are your thoughts on EURUSD?
EUR/USD has recently broken above the descending trendline and the key resistance around 1.1500, confirming a bullish shift in the technical structure.
Following the breakout, price continued higher and reached the next key resistance around 1.1600. From this area, we expect a corrective move toward the highlighted support zone.
If price pulls back into this area, we could see buyers step in again and demand emerge, potentially providing the momentum for another bullish move toward higher levels.
As long as price remains above the highlighted support zone, our bullish outlook remains intact. A sustained break below this area would invalidate the bullish scenario and could signal a deeper correction.
If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️
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t.me/+1gFAIO4CJJw3NTU0
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅MY INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅MY INSTAGRAM:
instagram.com/marketanalaysis
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.