The pair is moving within an ascending channel, indicating short-term bullish momentum.
Higher highs and higher lows confirm the ongoing uptrend structure.
🟦 Key Zone
Support Level: 1.3985 – 1.3990
This shaded zone represents a demand area where price previously found strong buying interest.
As long as this level holds, the short-term bullish bias remains valid.
🔹 Price Action Outlook
Price is currently testing the lower trendline of the channel and near the support zone.
A bullish reaction from this level could trigger a bounce toward the mid-channel and potentially the upper resistance.
🎯 Target
Upside Target: 1.4039
This corresponds to the upper boundary of the channel and a previous swing high area.
⚠️ Invalidation / Risk Level
A break below 1.3980 would invalidate the bullish setup and could lead to a bearish correction toward 1.3965 or lower.
📈 Trading Signal (Summary)
Bias: Bullish (short-term)
Entry Zone: 1.3985 – 1.3995 (support area)
Target: 1.4039
Stop-Loss: Below 1.3980
EURUSD 
GBPUSD 
USDJPY GBPJPY 
AUDUSD 
USDCAD 
USDCHF 
NZDUSD EURJPY EURJPY AUDJPY EURGBP GBPAUD 
USDZAR 
USDDKK
Higher highs and higher lows confirm the ongoing uptrend structure.
🟦 Key Zone
Support Level: 1.3985 – 1.3990
This shaded zone represents a demand area where price previously found strong buying interest.
As long as this level holds, the short-term bullish bias remains valid.
🔹 Price Action Outlook
Price is currently testing the lower trendline of the channel and near the support zone.
A bullish reaction from this level could trigger a bounce toward the mid-channel and potentially the upper resistance.
🎯 Target
Upside Target: 1.4039
This corresponds to the upper boundary of the channel and a previous swing high area.
⚠️ Invalidation / Risk Level
A break below 1.3980 would invalidate the bullish setup and could lead to a bearish correction toward 1.3965 or lower.
📈 Trading Signal (Summary)
Bias: Bullish (short-term)
Entry Zone: 1.3985 – 1.3995 (support area)
Target: 1.4039
Stop-Loss: Below 1.3980
EURUSD GBPUSD USDJPY GBPJPY AUDUSD USDCAD USDCHF NZDUSD EURJPY EURJPY AUDJPY EURGBP GBPAUD USDZAR USDDKK 
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.
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.