The EUR/USD is showing early signs of a bullish reversal after bouncing strongly from a demand zone near 1.11128, as highlighted by LuxAlgo’s Supply and Demand indicator.
Currently trading at 1.12031, price has stabilized above the orange zone and is consolidating just below minor resistance at 1.13260. A breakout above this level could trigger a fresh leg up toward the major supply zone at 1.15029.
Why this chart matters:
Strong reaction from a clear demand zone – bulls stepping in.
Price holding higher lows = early bullish structure.
USD news events (NFP, CPI) have passed with limited bearish continuation.
ECB event coming up may drive the next breakout move.
Targets:
Short-term: 1.13260 – intraday breakout level.
Mid-term: 1.15029 – major supply zone and previous high.
Trading Plan:
Watch for a confirmed break and close above 1.13260.
Buy on pullbacks above that level, with stop-loss below 1.12000.
Exit partials at 1.14 and final at 1.15 zone.
Comment below:
Do you think EUR/USD can reach 1.15 this week?
Follow for more clean FX setups and breakdowns!
#EURUSD #ForexTrading #TechnicalAnalysis #SupplyAndDemand #PriceAction #LuxAlgo #TradingView #BreakoutStrategy #ForexSetup #EuroDollar #ECB
Currently trading at 1.12031, price has stabilized above the orange zone and is consolidating just below minor resistance at 1.13260. A breakout above this level could trigger a fresh leg up toward the major supply zone at 1.15029.
Why this chart matters:
Strong reaction from a clear demand zone – bulls stepping in.
Price holding higher lows = early bullish structure.
USD news events (NFP, CPI) have passed with limited bearish continuation.
ECB event coming up may drive the next breakout move.
Targets:
Short-term: 1.13260 – intraday breakout level.
Mid-term: 1.15029 – major supply zone and previous high.
Trading Plan:
Watch for a confirmed break and close above 1.13260.
Buy on pullbacks above that level, with stop-loss below 1.12000.
Exit partials at 1.14 and final at 1.15 zone.
Comment below:
Do you think EUR/USD can reach 1.15 this week?
Follow for more clean FX setups and breakdowns!
#EURUSD #ForexTrading #TechnicalAnalysis #SupplyAndDemand #PriceAction #LuxAlgo #TradingView #BreakoutStrategy #ForexSetup #EuroDollar #ECB
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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.