EUR/USD Holds Firm – Eyeing Pullback Before Next Leg HigherHi Everyone,
Despite what was a fundamentally turbulent week in the markets, our trading delivered a flawless run last week!
As highlighted in our previous idea, EUR/USD found support near the 1.16000 zone before mounting a push higher toward the 1.17889 level. Looking ahead into next week, we anticipate a pullback toward the 1.16550 area, which could provide the base for another attempt to reach 1.17889.
The impulsive rally from the 1st August low continues to reinforce our bullish outlook on EUR/USD.
Our broader view remains unchanged: we expect the pair to continue building momentum for another leg to the upside. A decisive break above 1.17889 would open the path toward the 1.18350–1.19290 zone, and ultimately the 1.20000 handle.
We’ll be monitoring price action closely to see whether this recovery gains traction and if buyers can sustain momentum through resistance. The longer-term outlook remains bullish, provided price continues to hold above the key support levels.
We’ll keep updating you throughout the week as the structure develops and share how we’re managing our active positions.
Thanks again for all the likes, boosts, comments, and follows — your support is truly appreciated!
All the best for the rest of the week.
Trade safe.
BluetonaFX
