EURUSD has already done the hard part: it broke resistance. Now the real question is whether buyers can defend the breakout.
So far, price is holding above the former consolidation area, with the rising trendline providing additional support below. That combination keeps the bullish structure alive and gives buyers a clear area to step back in.
Price may consolidate or dip into support once more before moving higher. But as long as this zone holds, I see the pullback as preparation for the next bullish leg rather than the start of a reversal.
If momentum returns, 1.18000 is the level I’m watching next.
A decisive daily close below the support zone and rising trendline would weaken this outlook.
This is my personal market view, not financial advice.
So far, price is holding above the former consolidation area, with the rising trendline providing additional support below. That combination keeps the bullish structure alive and gives buyers a clear area to step back in.
Price may consolidate or dip into support once more before moving higher. But as long as this zone holds, I see the pullback as preparation for the next bullish leg rather than the start of a reversal.
If momentum returns, 1.18000 is the level I’m watching next.
A decisive daily close below the support zone and rising trendline would weaken this outlook.
This is my personal market view, not financial advice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.