EUR/USD Breakout Imminent? Key Resistance in Focus!
π EUR/USD Daily Chart Analysis β Bullish Breakout Incoming? π
πΉ Key Levels:
Resistance Zone (Blue Box): Around 1.0450 - 1.0500
Support Zone (Red Box): Around 1.0250 - 1.0300
200 EMA (Red Line): Acting as a dynamic resistance near 1.0663
πΉ Price Action & Structure:
Price is testing a strong resistance zone (blue box) after multiple failed attempts.
A clean breakout above this level could trigger a bullish rally towards 1.0600 - 1.0700 (next resistance).
If rejected, a pullback towards 1.0300 before another attempt is possible.
πΉ Market Sentiment & Bias: β
Higher lows forming = bullish pressure building. β
Break and retest scenario likely, as indicated by the projection. β
200 EMA remains a key target for bulls.
π Potential Trade Setup:
Breakout above 1.0500 β Buy opportunity
Rejection β Short-term pullback before another attempt
π― Bullish Confirmation Above 1.0500 ππΉ
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