EURUSD has maintained a clear uptrend in recent sessions, with higher highs, higher lows, and the rising trendline continuing to act as dynamic support.
After the latest pullback, price returned to test the trendline instead of breaking below it. This is often what you want to see in a healthy uptrend: sellers can create a correction, but they still cannot change the overall market structure.
So far, sellers have not been able to push price below the key support area, while buyers are starting to react each time EURUSD approaches the trendline. This suggests that the main bullish structure remains intact.
If EURUSD continues to hold above the trendline and forms a strong rebound from the current support zone, I believe the probability of further upside remains higher.
My target would be around 1.1450.
After the latest pullback, price returned to test the trendline instead of breaking below it. This is often what you want to see in a healthy uptrend: sellers can create a correction, but they still cannot change the overall market structure.
So far, sellers have not been able to push price below the key support area, while buyers are starting to react each time EURUSD approaches the trendline. This suggests that the main bullish structure remains intact.
If EURUSD continues to hold above the trendline and forms a strong rebound from the current support zone, I believe the probability of further upside remains higher.
My target would be around 1.1450.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.