EURUSD is showing better short-term strength as buyers defend the 1.1570–1.1580 zone. The move looks controlled rather than impulsive, which suggests traders may be building positions gradually.
The next major test sits around 1.1600–1.1620. A clean break above this area could invite more buying interest, especially if the US Dollar starts losing momentum.
Trade Setup:
Buy Zone: 1.1570 – 1.1580
Stop Loss: 1.1545
Take Profit 1: 1.1620
Take Profit 2: 1.1650
The bullish view remains valid while price holds above 1.1570.
The next major test sits around 1.1600–1.1620. A clean break above this area could invite more buying interest, especially if the US Dollar starts losing momentum.
Trade Setup:
Buy Zone: 1.1570 – 1.1580
Stop Loss: 1.1545
Take Profit 1: 1.1620
Take Profit 2: 1.1650
The bullish view remains valid while price holds above 1.1570.
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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.