EUR/USD is currently respecting the ascending channel structure, with price now sitting at a critical support zone. After the recent pullback and rejection from the resistance trendline, the pair has retraced toward the mid-level of the channel, where it's now showing signs of stabilization.
As long as price holds above this support area, we expect bullish momentum to return. A gradual build-up above this zone could lead to a fresh move toward 1.0936, with the potential to reach 1.1010, which marks the upper resistance of the channel.
This setup remains valid unless we see a clean break below 1.0675, which would invalidate the bullish structure and open the door for deeper correction. For now, the bias remains bullish as long as the support holds and the structure continues to respect the ascending trend.
Bullish target: 1.0834, 1.0936, 1.1010
Bearish target: 1.0779, 1.0675, 1.0573
As long as price holds above this support area, we expect bullish momentum to return. A gradual build-up above this zone could lead to a fresh move toward 1.0936, with the potential to reach 1.1010, which marks the upper resistance of the channel.
This setup remains valid unless we see a clean break below 1.0675, which would invalidate the bullish structure and open the door for deeper correction. For now, the bias remains bullish as long as the support holds and the structure continues to respect the ascending trend.
Bullish target: 1.0834, 1.0936, 1.1010
Bearish target: 1.0779, 1.0675, 1.0573
- Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts❤️
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The market is waiting—you can make money, and you should.
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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.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.