EURUSD Long: 1.1700 Demand Zone Holds the Key to a 1.1760 Retest
Hello traders! Here’s a clear technical breakdown of EURUSD based on the current chart structure. EURUSD remains within a well-defined ascending channel, forming consistent higher highs and higher lows from the pivot point — a clear sign that the broader structure is still bullish. After the impulsive move higher, price reached the 1.1760 Supply Zone, where temporary rejection and a fake breakout occurred. This reaction signaled short-term profit-taking rather than a structural reversal.
Currently, following the rejection, price pulled back into the 1.1700 Demand Zone, which aligns with the previous breakout level and the mid-range of the ascending channel. This pullback appears corrective, not impulsive, suggesting buyers are absorbing supply and defending structure. The market is now stabilizing above demand, indicating renewed buying interest.
My scenario: as long as EURUSD holds above the 1.1700 Demand Zone, the bullish structure remains intact. A strong reaction from this area could trigger the next impulsive leg toward the 1.1760 Resistance / Supply Zone. A clean breakout and acceptance above 1.1760 would confirm trend continuation and open the path for further upside. Only a decisive breakdown below demand would invalidate the long scenario. For now, the bias favors buyers while price respects the ascending channel. Manage your risk.
Currently, following the rejection, price pulled back into the 1.1700 Demand Zone, which aligns with the previous breakout level and the mid-range of the ascending channel. This pullback appears corrective, not impulsive, suggesting buyers are absorbing supply and defending structure. The market is now stabilizing above demand, indicating renewed buying interest.
My scenario: as long as EURUSD holds above the 1.1700 Demand Zone, the bullish structure remains intact. A strong reaction from this area could trigger the next impulsive leg toward the 1.1760 Resistance / Supply Zone. A clean breakout and acceptance above 1.1760 would confirm trend continuation and open the path for further upside. Only a decisive breakdown below demand would invalidate the long scenario. For now, the bias favors buyers while price respects the ascending channel. Manage your risk.
Trade fermée: cible de profit atteinte
The situation in the euro is also looking good. Our analysis worked well. Before entering the correction, the euro reached the price of 1.1757!
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🔶 Free telegram channel👉 t.me/heniitrading
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
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.