Euro / U.S. DollarShort
EUR/USD at a Pivotal Moment: Will It Breakout or Retrace?
EUR/USD is currently trading around 1.04032, forming a key decision zone. The market is at a critical crossroads, where a breakout or rejection will define the next major trend.
✅ Bullish Outlook
If EUR/USD breaks and holds above 1.04412 - 1.04574, we could see a rally toward 1.04657.
Strong momentum above this level may lead to a further push toward the upper trendline.
❌ Bearish Outlook
A rejection at 1.04574 could trigger a pullback toward 1.03903 - 1.03788.
If this level fails, the next major support zone lies at 1.03554 - 1.03089, signaling a deeper correction.
🔥 Key Takeaway
The 1.04412 - 1.04574 zone is the ultimate decision point:
Breakout = Bullish Trend 📈 | Rejection = Bearish Correction 📉
⚠️ Risk management is crucial – Trading decisions are solely the trader’s responsibility! 🚨
✅ Bullish Outlook
If EUR/USD breaks and holds above 1.04412 - 1.04574, we could see a rally toward 1.04657.
Strong momentum above this level may lead to a further push toward the upper trendline.
❌ Bearish Outlook
A rejection at 1.04574 could trigger a pullback toward 1.03903 - 1.03788.
If this level fails, the next major support zone lies at 1.03554 - 1.03089, signaling a deeper correction.
🔥 Key Takeaway
The 1.04412 - 1.04574 zone is the ultimate decision point:
Breakout = Bullish Trend 📈 | Rejection = Bearish Correction 📉
⚠️ Risk management is crucial – Trading decisions are solely the trader’s responsibility! 🚨
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.