EURUSD | BUY SETUP – Descending Trendline Breakout & Demand Zone

Jul 9

📈 EURUSD | BUY SETUP – Descending Trendline Breakout & Demand Zone Reclaim
📍 Entry Interest:

1.1438 – 1.1445

🎯 Profit Objectives:

➊ TP1: 1.1465 ✅
➋ TP2: 1.1490 ✅
➌ TP3: 1.1520 ✅

🛡️ Risk Control:

A sustained move below 1.1420 would weaken the current bullish structure and invalidate this setup.

📊 Market Perspective

EURUSD is attempting to break above a descending trendline after finding support inside a well-defined demand zone. Buyers have repeatedly defended the lower structure, indicating that downside momentum is fading. Price is now trading near a key breakout area where confirmation above resistance could trigger further upside.

The first objective is the nearby resistance around 1.1465. A successful breakout and acceptance above this level may expose the next resistance around 1.1490. If bullish momentum remains strong and higher lows continue to develop, the market could extend toward the higher target near 1.1520, which aligns with the upper supply zone.

Traders should monitor price behavior around the breakout level and watch for confirmation before expecting continuation. Loss of the highlighted support region would reduce the probability of the bullish scenario.

This analysis reflects the current chart structure and price action only. Markets can change quickly, so manage risk appropriately and wait for confirmation before entering a trade.

Jul 9

Trade active

active now

Jul 9

Note

Jul 9

Note

1st target done