EURUSD: Reclaimed EMA200 — Bullish Again at 1.1795 After Dip

119
█ STRUCTURE

EURUSD at 1.17946 with LONG/Above/Bullish. Yesterday's "first ever bearish alignment" lasted exactly one session. EUR has reclaimed EMA200 (1.17835) and structure has flipped back bullish with MSS↑ confirmed.

The chart shows a wide range: 1.1690 base → 1.1830 high → pullback through EMA200 → yesterday's bearish reading → today's recovery above EMA200. The BoS↑ label at the right edge confirms buyers retook control during London session. Price is $11 pips above EMA200 — thin but positive.

Multiple EQH clusters dot the chart at 1.1790-1.1810, showing the choppy consolidation. The MSS↓ candidate on the right edge suggests the bearish side hasn't fully given up.

█ KEY LEVELS
  • Resistance: 1.1800 (psychological + EQH zone)
  • Target: 1.1830 (swing high)
  • Support: 1.1784 (EMA200)
  • Below: 1.1770 / 1.1750


█ WHAT TO WATCH

EUR's bearish flip from yesterday was a one-session event — the quickest recovery in this tracking period. But the margin above EMA200 is only 11 pips. The 1.1800 level is the immediate test. A break above with BoS confirmation reopens the 1.1830 target. A rejection and EMA200 loss would make yesterday's bearish reading look like it was right after all.

Not financial advice. For educational purposes only.

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.