Euro Rebound from Trendline Could Trigger Retest of Resistance

evvelsi gün

Hello traders! Here’s my technical outlook based on the current EURUSD (2H) chart structure. EURUSD previously traded inside a range before breaking higher and shifting bullish. Price then formed a descending structure, tested the Resistance Line, and pulled back before bouncing from the Buyer Zone and ascending Trend Line. Currently, EURUSD is trading below the 1.1520 Seller Zone while holding above the 1.1450 Buyer Zone and the ascending Trend Line. The recent bounce from support suggests buyers are defending this area and preparing for another move higher. As long as EURUSD remains above the 1.1450 Buyer Zone and respects the ascending Trend Line, the bullish scenario remains valid. A continuation higher could push price toward the 1.1520 Seller Zone (TP1). However, a breakdown and close below the Buyer Zone would weaken the bullish outlook and increase the possibility of further downside. Please share this idea with your friends and click "Boost" 🚀

evvelsi gün

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At the moment, the bounce off the trend line looks promising. The price is gradually recovering and heading for a retest of the resistance!

LegionQ8

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Feragatname

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LegionQ8

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