EURUSD is showing signs of recovery after defending the 1.1450 demand zone and pushing back above short-term structure resistance.
The recent break above the descending trendline suggests bearish momentum may be weakening. Price is currently testing a key intraday resistance area near 1.1485 - 1.1490, and a successful breakout could open the path toward higher supply zones.
🎯 Bullish Targets
✅ Target 1: 1.1510
✅ Target 2: 1.1530
✅ Target 3: 1.1550
📌 Technical Confluences
• Descending trendline breakout
• Strong reaction from major demand zone
• Higher-low formation after liquidity sweep
• Bullish momentum building above support
• Potential continuation toward higher-timeframe supply
❌ Invalidation
A sustained move below 1.1450 would weaken the bullish outlook.
⚠️ This analysis reflects a technical opinion based on current market structure and price action.
Note: This analysis for educational purpose only not for financial advise.
The recent break above the descending trendline suggests bearish momentum may be weakening. Price is currently testing a key intraday resistance area near 1.1485 - 1.1490, and a successful breakout could open the path toward higher supply zones.
🎯 Bullish Targets
✅ Target 1: 1.1510
✅ Target 2: 1.1530
✅ Target 3: 1.1550
📌 Technical Confluences
• Descending trendline breakout
• Strong reaction from major demand zone
• Higher-low formation after liquidity sweep
• Bullish momentum building above support
• Potential continuation toward higher-timeframe supply
❌ Invalidation
A sustained move below 1.1450 would weaken the bullish outlook.
⚠️ This analysis reflects a technical opinion based on current market structure and price action.
Note: This analysis for educational purpose only not for financial advise.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.