Lingrid | EURUSD potential Sideways Consolidation Phase

EURUSD recently tested the upper boundary of the resistance zone near 1.14550 and produced a fake breakout above the trendline. The pair is now showing signs of hesitation below that level, suggesting a potential move toward the consolidation area. A breakdown below 1.14000 may trigger a decline back to 1.13550 support.

📈 Key Levels

• Buy zone: 1.13550–1.13800
  
• Buy trigger: bounce from support with bullish engulfing pattern
  
• Target: 1.14550
  
• Sell trigger: confirmed close below 1.14000
  

💡 Risks

• Prolonged consolidation weakens bullish momentum
  
• Failure to reclaim 1.14550 may lead to deeper pullback
  
• Breakdown of trendline support would shift bias bearish
  

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻