Euro / U.S. Dollar
Long
Updated

EUR/USD Bullish Breakout - Falling Wedge in Play!

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**🚀 EUR/USD Bullish Breakout – Falling Wedge Pattern in Play**

The Euro has broken out of a well-defined **falling wedge** pattern, signaling a potential bullish continuation. The breakout aligns with strong bullish momentum and a possible retracement toward the higher supply zone.

🔍 **Technical Highlights:**

* 📐 **Falling Wedge Breakout**: A classic bullish reversal pattern; price broke out with volume and momentum.
* 💼 **Entry Point**: Around **1.16246**, where price retested the wedge breakout and found support.
* 🔝 **Target Point**: **1.17868–1.18299** supply zone, where prior rejection and major resistance sit.
* 💹 **Price Structure**: The bullish structure remains intact unless price drops below the 1.16200 level.

📈 **Bias**: Bullish
🎯 **Target**: 1.17868–1.18299
Trade active
Trade closed: target reached

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