URUSD: Bullish Recovery Below EMA200 — 1.1749 After 1.1720

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█ STRUCTURE

EURUSD at 1.17486 with LONG/Below/Bullish. Same conflict as gold — bullish structure has returned but price remains below EMA200 (1.17588). The pair dropped sharply from 1.1850 to 1.1720, then recovered with bullish BoS and MSS↑ confirmation.

The chart shows the week's deterioration from the 1.1850 high: bearish BoS through 1.1800 → 1.1770 → 1.1720 low → today's recovery. The bullish flip is fresh, with BoS↑ visible at the right edge. Price is 10 pips below EMA200.

Multiple EQH clusters in the 1.1780-1.1800 zone show where previous structure was built and broken — this is now resistance.

█ KEY LEVELS
  • Resistance: 1.1759 (EMA200 — must reclaim)
  • Resistance: 1.1780-1.1800 (previous EQH/BoS zone)
  • Support: 1.1730 (current BoS area)
  • Below: 1.1720 (today's low)


█ WHAT TO WATCH

EUR mirrors gold's setup exactly — bullish structure below EMA200, recovering from a sharp drop. The 10-pip gap to EMA200 (1.1759) is narrow. If both gold and EUR reclaim their EMA200s simultaneously, it would signal a broad reversal of last week's risk-off theme. If they fail, the bearish trend continues.

Not financial advice. For educational purposes only.

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