📈 EUR/USD Long Setup – Breakout Toward 1.18260 🎯
Pair: EUR/USD
Timeframe: 1D
Status: Bullish Setup
Date: August 6, 2025
📝 Analysis:
EUR/USD has shown strong bullish momentum after bouncing off the key support level near 1.15700. The price has broken recent resistance and is currently trading around 1.16600, suggesting potential continuation toward the next major resistance zone.
💡 Trade Idea:
Entry: 1.16600 (current market price)
Target: 1.18260 (resistance zone)
Stop Loss: 1.15793 (below recent support)
Risk-Reward Ratio: Approximately 2:1
The bullish momentum is supported by recent price action and technical structure. A clean break and hold above 1.17623 will add further confirmation to the uptrend continuation.
📌 Key Levels to Watch:
Resistance: 1.17623 / 1.18260
Support: 1.16536 / 1.15793
Major Support Below: 1.13883 / 1.10833
Pair: EUR/USD
Timeframe: 1D
Status: Bullish Setup
Date: August 6, 2025
📝 Analysis:
EUR/USD has shown strong bullish momentum after bouncing off the key support level near 1.15700. The price has broken recent resistance and is currently trading around 1.16600, suggesting potential continuation toward the next major resistance zone.
💡 Trade Idea:
Entry: 1.16600 (current market price)
Target: 1.18260 (resistance zone)
Stop Loss: 1.15793 (below recent support)
Risk-Reward Ratio: Approximately 2:1
The bullish momentum is supported by recent price action and technical structure. A clean break and hold above 1.17623 will add further confirmation to the uptrend continuation.
📌 Key Levels to Watch:
Resistance: 1.17623 / 1.18260
Support: 1.16536 / 1.15793
Major Support Below: 1.13883 / 1.10833
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.
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.