Euro Holds Above Support - Can Buyers Reach 1.1450?

Hello traders! Here’s my technical outlook based on the current EURUSD (2H) chart structure. EURUSD previously traded inside a broad consolidation range before breaking below support, confirming a bearish shift in market structure. Price later formed a symmetrical triangle, and the downside breakout accelerated selling pressure toward the current demand area. Currently, EURUSD is trading above the 1.1380 Buyer Zone while remaining below the 1.1450 Seller Zone. After bouncing from support, price entered a rising channel, showing improving short-term bullish momentum. As long as EURUSD remains above the 1.1380 Support Level and continues to respect the ascending channel, the recovery scenario remains valid. A move higher could push price toward the 1.1450 Resistance Level (TP1). Please share this idea with your friends and click “Boost” 🚀

Trade geschlossen: Ziel wurde erreicht

As we can see, the support is still holding and buyers pushed the price higher to the resistance where our target was. Currently, the price is actively testing the resistance!

LegionQ8

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LegionQ8

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