EURUSD maintains a bullish structure within an ascending channel on the H4 timeframe. Recent pullbacks have been consistently absorbed near the lower support zone, while the price remains above the Ichimoku Cloud's equilibrium level. This indicates that buying pressure remains intact, even though the market currently lacks the momentum for an immediate breakout.
The 1.1420–1.1430 zone currently serves as a key support area. This region represents a confluence of the ascending channel's midline, the Ichimoku Cloud, and a price level that has triggered reactions multiple times in the past. If EURUSD retraces to this level but quickly forms a recovery candle, it could signal that buyers are continuing to defend the bullish structure.
On the macroeconomic front, the euro is finding support as markets scale back expectations of an overly hawkish Federal Reserve stance, thereby weakening the US dollar. Meanwhile, the likelihood of the ECB maintaining a cautious policy—without rushing to loosen conditions—prevents interest rate expectations from being skewed entirely in favor of the greenback.
Trading Strategy: Prioritize long positions while the price holds above 1.1420, targeting 1.1480. The bullish scenario would weaken if the price closes below this support zone on the H4 chart.
The 1.1420–1.1430 zone currently serves as a key support area. This region represents a confluence of the ascending channel's midline, the Ichimoku Cloud, and a price level that has triggered reactions multiple times in the past. If EURUSD retraces to this level but quickly forms a recovery candle, it could signal that buyers are continuing to defend the bullish structure.
On the macroeconomic front, the euro is finding support as markets scale back expectations of an overly hawkish Federal Reserve stance, thereby weakening the US dollar. Meanwhile, the likelihood of the ECB maintaining a cautious policy—without rushing to loosen conditions—prevents interest rate expectations from being skewed entirely in favor of the greenback.
Trading Strategy: Prioritize long positions while the price holds above 1.1420, targeting 1.1480. The bullish scenario would weaken if the price closes below this support zone on the H4 chart.
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Signals & setups to boost your edge
Free trading plans to follow
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Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.