Hi traders, are you waiting for a EUR/USD retest before the next move?
EURUSD has broken above the bearish trendline and is currently holding firm above the breakout zone. Price is also trading above the Ichimoku Cloud, indicating that buyers are regaining the upper hand on the H1 timeframe.
The zone I’m watching for a potential pullback is 1.1560–1.1570. If this area holds, I favor further upside:
🎯 Target: 1.1602
Macro factors also support this direction; the USD is weakening as markets scale back expectations for a Fed rate hike, while EUR/USD trades near multi-week highs.
I’m not keen on chasing the price at current levels. A clean retest of the 1.1560–1.1570 zone would create a more favorable structure. If the H1 price drops back below 1.1560, the validity of this breakout would be significantly undermined.
AURICVERSE View: The trendline has been broken; the key now is whether buyers can turn the breakout zone into support. If they do, 1.1600 remains my preferred target.
How are you reading this structure? Share your view below.
EURUSD has broken above the bearish trendline and is currently holding firm above the breakout zone. Price is also trading above the Ichimoku Cloud, indicating that buyers are regaining the upper hand on the H1 timeframe.The zone I’m watching for a potential pullback is 1.1560–1.1570. If this area holds, I favor further upside:
🎯 Target: 1.1602
Macro factors also support this direction; the USD is weakening as markets scale back expectations for a Fed rate hike, while EUR/USD trades near multi-week highs.
I’m not keen on chasing the price at current levels. A clean retest of the 1.1560–1.1570 zone would create a more favorable structure. If the H1 price drops back below 1.1560, the validity of this breakout would be significantly undermined.
AURICVERSE View: The trendline has been broken; the key now is whether buyers can turn the breakout zone into support. If they do, 1.1600 remains my preferred target.
How are you reading this structure? Share your view below.
עסקה פעילה
עסקה סגורה: היעד הושג
⚡ Follow AuricVerse_HQ beyond the chart.
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פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
⚡ Follow AuricVerse_HQ beyond the chart.
Join AURICVERSE GOLD for XAUUSD analysis, Forex, Crypto & trader discussions:
t.me/+41cp_XYSqttlZTU1
Join AURICVERSE GOLD for XAUUSD analysis, Forex, Crypto & trader discussions:
t.me/+41cp_XYSqttlZTU1
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.