Market Structure

The market structure has turned bullish, with price establishing higher highs and higher lows following a decisive breakout from consolidation.

Key Resistance

First Resistance: 1.1540–1.1560
This area represents the recent swing high where selling pressure has started to emerge.

Second Resistance: 1.1600–1.1630
A successful breakout above the recent high could expose this next resistance zone.

Key Support

First Support: 1.1500–1.1510
The recent breakout area now serves as the first support for buyers.

Second Support: 1.1450–1.1470
A deeper pullback could find buying interest around this previous consolidation zone.

Market Sentiment

Market sentiment is moderately bullish.

The breakout has improved confidence among buyers, but the price is approaching an important resistance zone. Sustained buying pressure will be needed to confirm another leg higher.

Please share your view below:

Will EURUSD break above resistance and continue the uptrend? Or will sellers defend this area and trigger a deeper pullback?

Feel free to share your thoughts in the comments.