EURUSD Holds Buyer Zone at 1.1530 While Moving Toward 1.1610

Mar 12

Hello traders! Here’s my technical outlook based on the current EURUSD (2H) chart structure. Price previously moved inside a descending channel before breaking below support, confirming bearish momentum. After the drop, the market found support near the 1.1530 Buyer Zone, where buyers stopped the decline. From this level, EURUSD rebounded and started forming a rising channel. A fake breakout below support confirmed strong demand and triggered a recovery. Currently, price is trading between 1.1530 support and 1.1610 resistance (Seller Zone). My primary scenario remains bullish in the short term while price holds above the 1.1530 support level and continues respecting the rising support line. If buyers maintain control from this area, EURUSD could move toward the 1.1610 resistance level, which represents the nearest upside target (TP1) and aligns with the seller zone and the upper boundary of the current structure. Please share this idea with your friends and click Boost 🚀

Mar 13

Trade closed manually

We see that the price of the euro impulsively broke through our channel that we defined. Therefore, we need to start from the fresh situation.