EUR/USD 15M Bullish Breakout Continuation
EUR/USD is showing a strong bullish continuation setup after breaking above the ascending channel resistance and reclaiming short-term structure support around 1.16420. The price is holding above the 9 SMA, confirming sustained bullish momentum on the 15-minute timeframe.
The marked support zone acted as a liquidity grab and demand area before buyers pushed the pair higher. Current candles indicate momentum continuation toward the projected target at 1.16656, while the invalidation level remains below 1.16294.
Key levels:
Entry: 1.16419
Target: 1.16656
Stop Loss: 1.16294
As long as price remains above the support block and trendline structure, buyers are likely to stay in control with potential continuation toward higher intraday resistance.
EUR/USD is showing a strong bullish continuation setup after breaking above the ascending channel resistance and reclaiming short-term structure support around 1.16420. The price is holding above the 9 SMA, confirming sustained bullish momentum on the 15-minute timeframe.
The marked support zone acted as a liquidity grab and demand area before buyers pushed the pair higher. Current candles indicate momentum continuation toward the projected target at 1.16656, while the invalidation level remains below 1.16294.
Key levels:
Entry: 1.16419
Target: 1.16656
Stop Loss: 1.16294
As long as price remains above the support block and trendline structure, buyers are likely to stay in control with potential continuation toward higher intraday resistance.
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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.
join my telegram channel t.me/goldsignalicthttps://t.me/goldsignalicthttps://t.me/goldsignalict
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.