Hello, traders! The EURUSD pair has recently shown a clear shift in structure. After a prolonged bearish phase within a descending channel, the market found strong demand near the 1.15450 zone, where buyers managed to defend the area multiple times. This demand reaction led to a bullish breakout from the descending channel, marking the beginning of a new ascending phase.
Currently, the pair is moving within an ascending channel, forming higher highs and higher lows, which confirm the ongoing short-term bullish structure. However, the market is now approaching a key supply area around 1.1700, where sellers have previously been active.
My scenario for the upcoming sessions is a short-term corrective pullback from the current levels. I expect the price to retest the lower boundary of the ascending channel and potentially form a bullish reaction from that support. If buyers successfully defend this zone, the price could continue upward, aiming to break through the 1.1700 resistance and extend the bullish momentum. On the other hand, a confirmed breakdown below the channel would invalidate this bullish scenario and could open the way for a deeper correction. Manage your risk!
Currently, the pair is moving within an ascending channel, forming higher highs and higher lows, which confirm the ongoing short-term bullish structure. However, the market is now approaching a key supply area around 1.1700, where sellers have previously been active.
My scenario for the upcoming sessions is a short-term corrective pullback from the current levels. I expect the price to retest the lower boundary of the ascending channel and potentially form a bullish reaction from that support. If buyers successfully defend this zone, the price could continue upward, aiming to break through the 1.1700 resistance and extend the bullish momentum. On the other hand, a confirmed breakdown below the channel would invalidate this bullish scenario and could open the way for a deeper correction. Manage your risk!
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🔶 Free telegram channel👉 t.me/heniitrading
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
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.