The EUR/USD 45-minute chart shows a consolidation phase following a sharp rebound from the 1.1400 support zone. Price is currently testing the 1.1570–1.1600 resistance level, with a potential breakout setup forming. A confirmed breakout above this level could signal a bullish continuation toward the 1.1650–1.1700 zone, as highlighted by the projected path. The PMax indicator suggests growing bullish momentum, while recent price action indicates a shift in market structure. Traders should watch for a breakout and retest confirmation before entering long positions.
🔍 EUR/USD Technical Analysis (45-Min Chart)
Date: August 4, 2025
Current Price: 1.15721
Pair: EUR/USD
Timeframe: 45 minutes
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🧠 Market Structure Overview:
Previous Trend:
Strong downtrend from 1.1750+ area, culminating in a sharp reversal near the 1.1400 support.
Recent Development:
Price formed a double-bottom pattern around 1.1400, then exploded upward, breaking intermediate resistance zones.
Currently in a consolidation zone (mini-range) between ~1.1500 and 1.1600.
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📊 Key Technical Levels:
Type Price Zone Notes
Resistance 1.1570–1.1600 Key zone being tested; multiple rejections in past sessions
Support 1.1500–1.1520 Recent consolidation low
Major Support 1.1400 Previous swing low and reversal point
Bullish Target 1.1650–1.1700 Projected target after breakout
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📈 Indicators & Patterns:
PMax Indicator (hl2, 10, 3, EMA 10):
Recently flipped bullish after sustained downside pressure.
Gray cloud now acting as support during consolidation.
Price Action:
Bullish flag/rectangle formation — suggests accumulation before breakout.
Multiple failed breakdowns under support (bear traps), reinforcing bullish bias.
Projection Path (Annotated):
Suggests breakout above 1.1600, slight pullback (retest), and continuation to ~1.1700.
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🧭 Trading Outlook:
Bias: 📈 Bullish (if breakout confirms above 1.1600)
Scenarios:
✅ Bullish: Break and retest of 1.1600 → Buy zone targeting 1.1650–1.1700.
❌ Bearish: Rejection at resistance + break below 1.1500 → Downside risk to 1.1450–1.1400.
---
🎯 Trade Ideas (For Educational Purposes):
Breakout Long Setup:
Entry: Above 1.1600 (confirmed breakout)
SL: Below 1.1550 (inside range low)
TP: 1.1650–1.1700
Alternative Range Play:
Entry: Near 1.1520 with bounce confirmation
SL: Below 1.1490
TP: 1.1580–1.1600
🔍 EUR/USD Technical Analysis (45-Min Chart)
Date: August 4, 2025
Current Price: 1.15721
Pair: EUR/USD
Timeframe: 45 minutes
---
🧠 Market Structure Overview:
Previous Trend:
Strong downtrend from 1.1750+ area, culminating in a sharp reversal near the 1.1400 support.
Recent Development:
Price formed a double-bottom pattern around 1.1400, then exploded upward, breaking intermediate resistance zones.
Currently in a consolidation zone (mini-range) between ~1.1500 and 1.1600.
---
📊 Key Technical Levels:
Type Price Zone Notes
Resistance 1.1570–1.1600 Key zone being tested; multiple rejections in past sessions
Support 1.1500–1.1520 Recent consolidation low
Major Support 1.1400 Previous swing low and reversal point
Bullish Target 1.1650–1.1700 Projected target after breakout
---
📈 Indicators & Patterns:
PMax Indicator (hl2, 10, 3, EMA 10):
Recently flipped bullish after sustained downside pressure.
Gray cloud now acting as support during consolidation.
Price Action:
Bullish flag/rectangle formation — suggests accumulation before breakout.
Multiple failed breakdowns under support (bear traps), reinforcing bullish bias.
Projection Path (Annotated):
Suggests breakout above 1.1600, slight pullback (retest), and continuation to ~1.1700.
---
🧭 Trading Outlook:
Bias: 📈 Bullish (if breakout confirms above 1.1600)
Scenarios:
✅ Bullish: Break and retest of 1.1600 → Buy zone targeting 1.1650–1.1700.
❌ Bearish: Rejection at resistance + break below 1.1500 → Downside risk to 1.1450–1.1400.
---
🎯 Trade Ideas (For Educational Purposes):
Breakout Long Setup:
Entry: Above 1.1600 (confirmed breakout)
SL: Below 1.1550 (inside range low)
TP: 1.1650–1.1700
Alternative Range Play:
Entry: Near 1.1520 with bounce confirmation
SL: Below 1.1490
TP: 1.1580–1.1600
Trade active
Trade closed: target reached
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Clean charts | 🔍 Deep analysis | 📈 Consistent setups”
MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+4KSkqllbBldiZDY8
MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+4KSkqllbBldiZDY8
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.