Price is consolidating within a tight range between 1.14149 (resistance) and 1.12372 (support). On the 4H chart, EURUSD is approaching the lower bound of that range — 1.12372 — and we’re watching closely to see if support forms.
If we get a bullish reaction at 1.12372, this will likely be our trigger for new long positions as the broader structure remains bullish. Alternatively, a clean break and close above 1.14149 would offer a safer long continuation trade toward the next higher highs.
🟢 Buy Scenarios:
Bullish PA at 1.12372 → buy toward 1.14149
Break and retest of 1.14149 → buy continuation
🔴 Sell Scenarios:
No confirmed setups unless 1.12372 breaks (not currently biased for shorts)
🎯 Targets:
First: 1.14149
Beyond: Reassess for next higher high
Patience is key — let the chart confirm.
If we get a bullish reaction at 1.12372, this will likely be our trigger for new long positions as the broader structure remains bullish. Alternatively, a clean break and close above 1.14149 would offer a safer long continuation trade toward the next higher highs.
🟢 Buy Scenarios:
Bullish PA at 1.12372 → buy toward 1.14149
Break and retest of 1.14149 → buy continuation
🔴 Sell Scenarios:
No confirmed setups unless 1.12372 breaks (not currently biased for shorts)
🎯 Targets:
First: 1.14149
Beyond: Reassess for next higher high
Patience is key — let the chart confirm.
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.
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.