EURUSD is currently consolidating between a long-term descending resistance line and a rising trendline support, creating a compression structure on the 4H timeframe.
Price continues to respect the lower trendline while multiple equal highs (EQH) indicate liquidity resting above the current market. A confirmed breakout above the descending trendline could open the way toward 1.1500–1.1550, followed by liquidity around 1.1620–1.1680.
If bullish momentum continues, the broader upside objective remains the 1.1840–1.1860 strong resistance zone, where significant liquidity and a potential market reaction may be expected.
The bullish scenario depends on trendline support holding and a confirmed structural breakout. A breakdown below support could invalidate or delay this outlook.
Not financial advice.
Price continues to respect the lower trendline while multiple equal highs (EQH) indicate liquidity resting above the current market. A confirmed breakout above the descending trendline could open the way toward 1.1500–1.1550, followed by liquidity around 1.1620–1.1680.
If bullish momentum continues, the broader upside objective remains the 1.1840–1.1860 strong resistance zone, where significant liquidity and a potential market reaction may be expected.
The bullish scenario depends on trendline support holding and a confirmed structural breakout. A breakdown below support could invalidate or delay this outlook.
Not financial advice.
Luna Digital 📈
Trader & Market Analyst
This analysis is for educational purposes only, not financial advice.
Trade responsibly.
Join telegram for more updates t.me/+9nUhVZiXl9M1OWZk
Trader & Market Analyst
This analysis is for educational purposes only, not financial advice.
Trade responsibly.
Join telegram for more updates t.me/+9nUhVZiXl9M1OWZk
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.
Luna Digital 📈
Trader & Market Analyst
This analysis is for educational purposes only, not financial advice.
Trade responsibly.
Join telegram for more updates t.me/+9nUhVZiXl9M1OWZk
Trader & Market Analyst
This analysis is for educational purposes only, not financial advice.
Trade responsibly.
Join telegram for more updates t.me/+9nUhVZiXl9M1OWZk
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.