EUR/USD Price Outlook – Trade Setup

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📊 Technical Structure
EURUSD EUR/USD continues its strong bullish momentum, extending gains for the eighth consecutive session and pushing into the 1.1760–1.1770 region, just below the 1.1790–1.1805 resistance zone.
Price has cleanly broken above the 1.1721–1.1733 support zone, which now acts as a key demand area. The current structure shows strong higher highs and higher lows, confirming bullish control.
However, with price approaching a higher-timeframe resistance zone, short-term upside may slow, with potential for a pullback toward support before continuation.
Short-term bias: Bullish above 1.1721

🎯 Trade Setup (Buy-the-Dip Bias)
Entry Zone: 1.1721 – 1.1733
Stop Loss: 1.1713
Take Profit 1: 1.1792
Take Profit 2: 1.1790
Extended Target: 1.1804
Risk–Reward Ratio: Approx. 1:3.76
📌 Invalidation:
A sustained break below 1.1721 would invalidate the bullish structure and expose downside toward 1.1665.

🌐 Macro Background
EUR/USD is supported by a weakening US Dollar and improving risk sentiment:
Markets continue to price in potential Iran diplomacy despite failed talks
USD weakens amid uncertainty over Fed rate path
Risk appetite supports EUR as a higher-beta currency
However, Hormuz tensions and geopolitical risks may cap further upside
Overall, macro conditions favor continued upside, but with caution near resistance

🔑 Key Technical Levels
Resistance Zone: 1.1792 – 1.1804
Support Zone: 1.1721 – 1.1733
Invalidation Level: Below 1.1721

📌 Trade Summary
EUR/USD remains in a strong bullish trend after breaking higher structure levels.
Preferred strategy: Buy dips above 1.1721, targeting continuation toward 1.1792–1.1804.

⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Financial markets involve significant risk; proper risk and position management are essential.

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