EURUSD has officially broken above the key 1.16020 resistance level on the 4hr chart, but price action has since gone stagnant. No strong bullish momentum has followed the break so far — a sign we may be due for a deeper pullback.
I remain bullish overall, but I'm watching for two potential scenarios:
✅ Safe Buy: Clean 4hr bullish close above 1.16020
🎯 HRHR Buy: Pullback to the former level of interest at 1.14149 if structure holds
Until one of those triggers, I’ll be patient. Let the setup come to you. Overall target remains the 1.18791 zone before reassessing.
I remain bullish overall, but I'm watching for two potential scenarios:
✅ Safe Buy: Clean 4hr bullish close above 1.16020
🎯 HRHR Buy: Pullback to the former level of interest at 1.14149 if structure holds
Until one of those triggers, I’ll be patient. Let the setup come to you. Overall target remains the 1.18791 zone before reassessing.
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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.