EUR/USD – H1 Wedge Breakout |Bullish Momentum Targeting 1.1600
📌 Setup Overview 
EURUSD
EUR/USD has broken out of a falling wedge on H1, signalling a potential bullish trend reversal.
Price has reclaimed the Ichimoku cloud — now acting as support, showing fresh buyer strength.
• Pattern: Wedge Breakout Pattern
• Timeframe: H1 Chart
• Bias: Bullish
• Reason for setup: Breakout & Retested
🎯 Trading Plan
• Entry idea: Retest of breakout zone for confirmation before continuation
• TP1: 1.15886 (1st Resistance)
• TP2: 1.16148 (2nd Resistance / liquidity sweep zone)
🧠 Fundamental Drivers
1️⃣ 80% probability the Federal Reserve cuts rates in December → weaker USD supports bullish EUR/USD
2️⃣ Upcoming high-impact data to watch:
• EUR – German GDP
• USD – Core PPI
• USD – Retail Sales
Fundamentals currently favour bullish EUR side, with USD losing momentum.
#EURUSD #forex #forexanalysis #priceaction #chartanalysis #technicalanalysis #fundamentalanalysis #tradingview #supportandresistance #smartmoney #breakout #wedgebreakout #ichimokucloud #marketstructure
📌 What to expect
Break/retest continuation structure suggests 1.1588 is the first magnet.
If momentum remains strong, price could extend to 1.1614 liquidity zone.
🔖 SAVE this post so you don’t miss the update when levels hit.
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⚠ Disclaimer:
Trade for education/study only. Manage risk according to your own system.
EURUSD EUR/USD has broken out of a falling wedge on H1, signalling a potential bullish trend reversal.
Price has reclaimed the Ichimoku cloud — now acting as support, showing fresh buyer strength.
• Pattern: Wedge Breakout Pattern
• Timeframe: H1 Chart
• Bias: Bullish
• Reason for setup: Breakout & Retested
🎯 Trading Plan
• Entry idea: Retest of breakout zone for confirmation before continuation
• TP1: 1.15886 (1st Resistance)
• TP2: 1.16148 (2nd Resistance / liquidity sweep zone)
🧠 Fundamental Drivers
1️⃣ 80% probability the Federal Reserve cuts rates in December → weaker USD supports bullish EUR/USD
2️⃣ Upcoming high-impact data to watch:
• EUR – German GDP
• USD – Core PPI
• USD – Retail Sales
Fundamentals currently favour bullish EUR side, with USD losing momentum.
#EURUSD #forex #forexanalysis #priceaction #chartanalysis #technicalanalysis #fundamentalanalysis #tradingview #supportandresistance #smartmoney #breakout #wedgebreakout #ichimokucloud #marketstructure
📌 What to expect
Break/retest continuation structure suggests 1.1588 is the first magnet.
If momentum remains strong, price could extend to 1.1614 liquidity zone.
🔖 SAVE this post so you don’t miss the update when levels hit.
👍 LIKE if you want more Wedge & Breakout setups.
⚠ Disclaimer:
Trade for education/study only. Manage risk according to your own system.
Transaction en cours
Trade fermée: cible de profit atteinte
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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.
🟢New Telegram Free Channel : telegram.me/kabhi_official
Contact Me @
Telegram - telegram.me/kabhidhan_official
Contact Me @
Telegram - telegram.me/kabhidhan_official
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.