Market Structure:
EURUSD remains structurally bullish on the 1H chart, holding above the ascending support trendline with the recent higher-low structure still intact. However, price is currently consolidating inside a descending channel, creating a clear compression setup.
Key Zone:
🟢 Support: ~1.1520–1.1530 — ascending trendline + recent reaction area.
🔴 Supply/Resistance: 1.1570–1.1580 — marked supply zone and major reaction area.
Bullish Scenario: 🐂
A decisive 1H close above the descending channel would provide the first confirmation that sellers are losing control. A successful breakout → retest could open the path toward 1.1570–1.1580. A clean break of that supply zone would strengthen the continuation setup toward the upper resistance trendline.
Bearish Scenario: 🐻
If price breaks and closes below the ascending support around 1.1520–1.1530, the current higher-low structure would be compromised and the bullish thesis would weaken significantly.
Trade Idea:
Channel Breakout → Retest → Bullish Continuation
Wait for confirmation rather than anticipating the breakout.
Invalidation:
A confirmed 1H breakdown below the ascending support/higher-low structure.
🎯 Bottom line: EURUSD is sitting at a critical decision point — support is holding, but the descending channel must break for buyers to regain momentum.
EURUSD remains structurally bullish on the 1H chart, holding above the ascending support trendline with the recent higher-low structure still intact. However, price is currently consolidating inside a descending channel, creating a clear compression setup.
Key Zone:
🟢 Support: ~1.1520–1.1530 — ascending trendline + recent reaction area.
🔴 Supply/Resistance: 1.1570–1.1580 — marked supply zone and major reaction area.
Bullish Scenario: 🐂
A decisive 1H close above the descending channel would provide the first confirmation that sellers are losing control. A successful breakout → retest could open the path toward 1.1570–1.1580. A clean break of that supply zone would strengthen the continuation setup toward the upper resistance trendline.
Bearish Scenario: 🐻
If price breaks and closes below the ascending support around 1.1520–1.1530, the current higher-low structure would be compromised and the bullish thesis would weaken significantly.
Trade Idea:
Channel Breakout → Retest → Bullish Continuation
Wait for confirmation rather than anticipating the breakout.
Invalidation:
A confirmed 1H breakdown below the ascending support/higher-low structure.
🎯 Bottom line: EURUSD is sitting at a critical decision point — support is holding, but the descending channel must break for buyers to regain momentum.
Precision-driven trading signals and market analysis. I share high-probability setups based on technical insights and disciplined risk management. Join my Telegram Channel for signals and updates. t.me/+kOTQfleOZpAzMWU0
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.
Precision-driven trading signals and market analysis. I share high-probability setups based on technical insights and disciplined risk management. Join my Telegram Channel for signals and updates. t.me/+kOTQfleOZpAzMWU0
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.