EURUSD: The Uptrend Remains Intact – BUY Still Holds the Advanta
Hello everyone, below is my view on today’s EURUSD outlook.
From a fundamental perspective, the overall backdrop continues to support the euro. The U.S. dollar remains under pressure as expectations for U.S. interest rates weaken, despite occasional short-term technical rebounds. The key point is that USD strength is not sufficient to reverse the trend, which overall allows EURUSD to maintain its upward momentum.
Looking at the chart, the bullish structure remains very clean and well-respected. Price is trading above the Ichimoku cloud, with the cloud sloping upward, confirming that the primary trend is bullish. The ascending trendline has been respected throughout and has not been broken. After the recent rally, price is now consolidating above the 1.1770 support zone, which signals a healthy market, not distribution.
As long as EURUSD holds above this key base, the probability remains high for price to continue pushing toward the 1.1840 area, as marked on the chart. Any volatility along the way should be seen as technical corrections, not as a change in the overall bullish structure.
Conclusion: EURUSD is still moving in line with its bullish trend. The strategy remains to BUY with the trend, avoid FOMO at the highs, and wait patiently for confirmation that support holds. As long as the structure stays intact, the advantage remains with the buyers — and that is always the side worth aligning with.
From a fundamental perspective, the overall backdrop continues to support the euro. The U.S. dollar remains under pressure as expectations for U.S. interest rates weaken, despite occasional short-term technical rebounds. The key point is that USD strength is not sufficient to reverse the trend, which overall allows EURUSD to maintain its upward momentum.
Looking at the chart, the bullish structure remains very clean and well-respected. Price is trading above the Ichimoku cloud, with the cloud sloping upward, confirming that the primary trend is bullish. The ascending trendline has been respected throughout and has not been broken. After the recent rally, price is now consolidating above the 1.1770 support zone, which signals a healthy market, not distribution.
As long as EURUSD holds above this key base, the probability remains high for price to continue pushing toward the 1.1840 area, as marked on the chart. Any volatility along the way should be seen as technical corrections, not as a change in the overall bullish structure.
Conclusion: EURUSD is still moving in line with its bullish trend. The strategy remains to BUY with the trend, avoid FOMO at the highs, and wait patiently for confirmation that support holds. As long as the structure stays intact, the advantage remains with the buyers — and that is always the side worth aligning with.
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LEVEL UP YOUR TRADING
👉t.me/+NBWGUpNcAxsyYjRl
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
👉t.me/+NBWGUpNcAxsyYjRl
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.