EUR/USD - Bullish Bias with Key Levels to Watch
🔍 Market Overview
The EUR/USD pair is showing bullish momentum after bouncing from key support at 1.04520 - 1.04720. Price action across multiple timeframes suggests an upward push if it sustains above these levels.
Short-Term (15m Chart): Recovering from a local low at 1.04589, showing initial signs of strength.
Mid-Term (1H Chart): Price holding above key moving averages, forming a higher low pattern.
Long-Term (4H Chart): Bounced from support, aiming for higher resistance at 1.05308 - 1.05692.
📌 Trade Setup - Bullish Bias
🔵 Buy Trade (Preferred Setup)
Entry: 1.04750 - 1.04800 ✅
Take Profit 1 (TP1): 1.04923
Take Profit 2 (TP2): 1.05308
Take Profit 3 (TP3): 1.05692
Stop-Loss (SL): Below 1.04520
🔹 Reasoning:
✅ Price is bouncing off strong support levels.
✅ Moving averages indicate bullish continuation.
✅ Risk-to-reward ratio is favorable (3:1 if TP2 is hit).
🔴 Sell Setup (Only If Breakdown Happens)
Entry: If price breaks below 1.04520 ❌
Take Profit 1 (TP1): 1.04022
Take Profit 2 (TP2): 1.03725
Stop-Loss (SL): Above 1.04923
🔹 Confirmation for Bears:
If price fails to hold 1.04720, a break below 1.04520 could trigger selling pressure.
Bearish move would target 1.04022 as first downside level.
📈 Final Thoughts
✅ Bullish bias is strong unless price drops below 1.04520.
📌 Key Resistance Levels: 1.04923 → 1.05308 → 1.05692
📌 Key Support Levels: 1.04520 → 1.04022 → 1.03725
🚀 Primary trade: BUY above 1.04750, targeting 1.05308 - 1.05692.
⚠️ Bearish case: Only if price breaks 1.04520, then short toward 1.04022.
📊 Let’s see how this plays out! 🔥 Comment below your thoughts! 👇
The EUR/USD pair is showing bullish momentum after bouncing from key support at 1.04520 - 1.04720. Price action across multiple timeframes suggests an upward push if it sustains above these levels.
Short-Term (15m Chart): Recovering from a local low at 1.04589, showing initial signs of strength.
Mid-Term (1H Chart): Price holding above key moving averages, forming a higher low pattern.
Long-Term (4H Chart): Bounced from support, aiming for higher resistance at 1.05308 - 1.05692.
📌 Trade Setup - Bullish Bias
🔵 Buy Trade (Preferred Setup)
Entry: 1.04750 - 1.04800 ✅
Take Profit 1 (TP1): 1.04923
Take Profit 2 (TP2): 1.05308
Take Profit 3 (TP3): 1.05692
Stop-Loss (SL): Below 1.04520
🔹 Reasoning:
✅ Price is bouncing off strong support levels.
✅ Moving averages indicate bullish continuation.
✅ Risk-to-reward ratio is favorable (3:1 if TP2 is hit).
🔴 Sell Setup (Only If Breakdown Happens)
Entry: If price breaks below 1.04520 ❌
Take Profit 1 (TP1): 1.04022
Take Profit 2 (TP2): 1.03725
Stop-Loss (SL): Above 1.04923
🔹 Confirmation for Bears:
If price fails to hold 1.04720, a break below 1.04520 could trigger selling pressure.
Bearish move would target 1.04022 as first downside level.
📈 Final Thoughts
✅ Bullish bias is strong unless price drops below 1.04520.
📌 Key Resistance Levels: 1.04923 → 1.05308 → 1.05692
📌 Key Support Levels: 1.04520 → 1.04022 → 1.03725
🚀 Primary trade: BUY above 1.04750, targeting 1.05308 - 1.05692.
⚠️ Bearish case: Only if price breaks 1.04520, then short toward 1.04022.
📊 Let’s see how this plays out! 🔥 Comment below your thoughts! 👇
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.