EURUSD technical analysis.The image is a technical analysis chart for EUR/USD from TradingView, published on March 11, 2025.
Key Observations:
1. Trendline Support:
The chart shows an ascending trendline, indicating a bullish trend.
Price has been respecting the trendline and bouncing off it.
2. Expected Price Movement:
The blue arrow suggests a pullback to the trendline, followed by a bounce higher.
If the price holds above the trendline, a bullish continuation is expected.
3. Resistance Levels:
The next potential resistance level could be around 1.0900.
4. Market Sentiment:
As long as the trendline holds, buyers remain in control.
A break below the trendline could shift momentum toward a bearish move.
Conclusion:
Bullish Scenario: A bounce from the trendline would confirm further upside.
Bearish Risk: A break below the trendline could lead to a decline.
Key Level to Watch: **Trendline