EUR/USD | Bullish Reversal or Fakeout? Key Levels to Watch

EUR/USD is approaching a critical resistance level, showing signs of potential bullish continuation. However, with key economic news expected today and tomorrow, volatility could increase, leading to sharp moves in both directions.

Key Technical Insights:

Imbalance Fill at 1.033 – Price may dip to this level before continuing higher, as the market tends to fill inefficiencies.
Moving Averages Bullish Cross – A recent crossover indicates a possible shift in momentum, favoring the bulls.
Testing Trendline Resistance – A breakout could confirm further upside, while a rejection may lead to short-term bearish pressure.
Higher Lows Forming – Buyers are stepping in at higher levels, signaling bullish strength.
Increased Volatility Expected – With upcoming news releases, we could see stronger price swings, making risk management crucial.

What I’m Watching Next:

A break above the trendline with strong volume could trigger a bullish move.
A pullback to 1.033 may offer a high-probability long entry if bullish reactions appear.
A rejection at resistance could lead to a short-term dip before another attempt higher.
Market reaction to news events will be key in determining the next big move.

What’s Your Outlook?
With potential volatility ahead, do you see a breakout or another rejection? Share your thoughts in the comments.

Trade active

We filled up the imbalance, lets see if price is ready to move now!

Trade closed: target reached

price made a nice bounce from the imbalance zone. target reached from entry on the imbalance

TehThomas

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TehThomas

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