As the previous analysis worked exactly as predicted, 
EURUSD is gearing up for a bullish breakout on the 4-hour chart, with price bouncing firmly off a key support zone and upward trendline, forming higher lows that signal strengthening buyer momentum and potential reversal from recent downtrend pressures. This confluence at the entry zone offers a high-conviction long setup.
Entry between 1.14850-1.15 for a buy position. Target at 1.16 near resistance, delivering a risk-reward ratio greater than 1:4. Set a stop loss on a close below 1.148 to protect against downside breaks. 🌟 Look for confirmation with a strong bullish candle and rising volume above the entry, capitalizing on EUR resilience.
Fundamentally, this week brings significant news for both EUR and USD—key releases include Eurozone PMI data, US Nonfarm Payrolls, and ongoing FOMC rate decision fallout, all capable of driving sharp moves in the pair. 💡
📝 Trade Plan:
✅ Entry Zone: 1.14850 – 1.1500 (buy near support/trendline)
❌ Stop Loss: Close below 1.1480
🎯 Target: 1.1600 (major resistance zone)
💎 Risk-to-Reward: > 1:4, making this an attractive long opportunity for technical traders.
What's your play on this setup? Drop your thoughts below! 👇
EURUSD is gearing up for a bullish breakout on the 4-hour chart, with price bouncing firmly off a key support zone and upward trendline, forming higher lows that signal strengthening buyer momentum and potential reversal from recent downtrend pressures. This confluence at the entry zone offers a high-conviction long setup. Entry between 1.14850-1.15 for a buy position. Target at 1.16 near resistance, delivering a risk-reward ratio greater than 1:4. Set a stop loss on a close below 1.148 to protect against downside breaks. 🌟 Look for confirmation with a strong bullish candle and rising volume above the entry, capitalizing on EUR resilience.
Fundamentally, this week brings significant news for both EUR and USD—key releases include Eurozone PMI data, US Nonfarm Payrolls, and ongoing FOMC rate decision fallout, all capable of driving sharp moves in the pair. 💡
📝 Trade Plan:
✅ Entry Zone: 1.14850 – 1.1500 (buy near support/trendline)
❌ Stop Loss: Close below 1.1480
🎯 Target: 1.1600 (major resistance zone)
💎 Risk-to-Reward: > 1:4, making this an attractive long opportunity for technical traders.
What's your play on this setup? Drop your thoughts below! 👇
Trade active
Note
Don't forget to free your risk!Trade closed: target reached
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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.
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.