EURUSD Long: The 1.16200 Support Holds – Path to 1.17000 is Open

Dec 3, 2025

Hello, traders! The price action for EURUSD is unfolding inside a corrective structure after a prolonged bearish phase that was guided by the descending Triangle Supply Line. The market previously formed a consolidation Range on the left side of the chart before breaking down and continuing lower. Price respected both the descending supply line and the ascending Triangle Demand Line, creating a compression phase that ultimately resulted in a bearish breakout to the downside. After forming a pivot low, EURUSD initiated a strong bullish recovery, breaking back above the former structure and confirming a shift in short-term momentum. The market then formed a clear Head and Shoulders reversal pattern near the Triangle Demand Line, reinforcing buyers’ strength. Following this, price successfully broke through the key Demand Zone around 1.16200, confirming the transition from corrective to bullish conditions.

Currently, EURUSD is retesting this demand area after the breakout, showing signs of support holding. As long as price remains above the 1.16200 demand zone, the bullish scenario remains valid. The next upside objective is the 1.16650–1.17000 Supply Zone, where sellers previously showed strong activity.

My scenario is a clean continuation toward Supply 2 at 1.17000 becomes likely if buyers maintain control. However, a rejection from this supply region could trigger a corrective pullback back toward demand before any further upside continuation. Manage your risk!

Dec 4, 2025

Trade active

As we can see, the price has reached the first target and is actively testing it at this stage. Let's see if the market can push the price to the second target.

Dec 5, 2025

Trade closed manually

As we can see, we have reached the first target, the price is actively testing the first resistance level, but there is not enough buyer power for the second.