📊 Description: 
EURUSD
EUR/USD has delivered a strong breakout and retest from the descending channel while bouncing sharply from the major demand/support zone. Buyers defended the lower red zone perfectly, showing clear accumulation and momentum shift. Price is now pushing higher with bullish structure, and if current momentum continues, the next upside targets are the marked resistance zones above. This setup suggests sellers are losing control while bulls prepare for continuation.
🔑 Key Levels:
Major Support Zone: 1.1667 – 1.1690
Immediate Resistance: 1.1790
Psychological Resistance: 1.1820
Bullish Invalidation: Break below 1.1665
📌 Trading Insight:
As long as price remains above the support zone and broken channel, bullish bias remains strong. Pullbacks into support may attract fresh buyers for the next expansion higher.
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⚠️ Disclaimer
This content is for educational purposes only
EURUSD EUR/USD has delivered a strong breakout and retest from the descending channel while bouncing sharply from the major demand/support zone. Buyers defended the lower red zone perfectly, showing clear accumulation and momentum shift. Price is now pushing higher with bullish structure, and if current momentum continues, the next upside targets are the marked resistance zones above. This setup suggests sellers are losing control while bulls prepare for continuation.
🔑 Key Levels:
Major Support Zone: 1.1667 – 1.1690
Immediate Resistance: 1.1790
Psychological Resistance: 1.1820
Bullish Invalidation: Break below 1.1665
📌 Trading Insight:
As long as price remains above the support zone and broken channel, bullish bias remains strong. Pullbacks into support may attract fresh buyers for the next expansion higher.
👍 Support This Analysis If you found this idea useful:
👍 Like this analysis
💬 Drop your view in the comments – Bullish or Bearish?
🔔 Follow for more high-probability setups
Your support helps grow and share valuable trading insights 🚀
⚠️ Disclaimer
This content is for educational purposes only
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Telegram Channel Link -
t.me/AM_Alpha_Trading
Contact Me @ t.me/Alphatrading_admin 📍📍
t.me/AM_Alpha_Trading
Contact Me @ t.me/Alphatrading_admin 📍📍
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.