The Euro continues to trade within a well-defined ascending channel gaining bullish momentum after reclaiming a key supply zone Price action suggests a possible continuation toward the upper boundary and beyond Technical Outlook Price broke above 1.1400 supply zone now acting as support Maintaining structure inside ascending channel Pullback toward the supply-turned-support zone may offer re-entry before further upside.
Psychological target: 1.1600
Channel resistance: ~1.1500–1.1550
Support: 1.1405 and 1.1230
If buyers defend 1.1405 on any dip EURUSD may surge toward 1.1600 completing a textbook channel move.
Thank you for the continued support—your likes and comments keep this community growing and motivate me to deliver even more valuable analysis!
best regards –TrendZelda!
Psychological target: 1.1600
Channel resistance: ~1.1500–1.1550
Support: 1.1405 and 1.1230
If buyers defend 1.1405 on any dip EURUSD may surge toward 1.1600 completing a textbook channel move.
Thank you for the continued support—your likes and comments keep this community growing and motivate me to deliver even more valuable analysis!
best regards –TrendZelda!
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Trade closed: target reached
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Related publications
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.