EURUSD Long: Bounce from Demand - Targeting 1.1520 Supply

Hello traders! Here’s my technical outlook based on the current EURUSD (1H) chart structure. EURUSD initially traded within a contracting structure. After failing to hold a major pivot point, the price broke below support, confirming a bearish shift. A subsequent ascending channel also failed near its upper boundary, resulting in another downside breakout.

Currently, the pair is trading between the 1.1450 Demand Zone and the 1.1520 Supply Zone. After hitting a fresh swing low, the price bounced strongly from demand, sparking a short-term recovery as buyers attempt to regain control.

As long as EURUSD holds above the 1.1450 Demand Zone, the bullish recovery scenario remains valid. A continuation higher targets the 1.1520 Supply Zone (TP1), where sellers may step in again. Manage your risk!

Transaction en cours

While the correction stage has taken place and buyers have begun to react in the support zone, we will continue to see whether they will be able to withstand the pressure of sellers!

Ordre annulé

Unfortunately, the euro was hitting the support we had identified and the price went lower, so the scenario was canceled!

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