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Piyasa

EURUSD Bullish Reversal Above 1.1500 Opens Path to 1.1550

EURUSD Bullish Reversal Above 1.1500 Opens Path to 1.1550

Euro / U.S. Dollar FOREXCOM:EURUSD

Hello traders! Here’s my technical outlook based on the current EURUSD (1H) chart structure. EURUSD previously traded inside a broad range before breaking below support and entering a descending channel. After reaching the lower channel boundary, price reversed and broke above the descending resistance line, confirming a bullish shift. The recovery then accelerated into the 1.1500 Buyer Zone, where buyers successfully defended support. Currently, EURUSD is trading above the 1.1500 Buyer Zone while approaching the 1.1550 Seller Zone. The latest pullback suggests price may retest support before attempting another move higher. As long as EURUSD holds above the 1.1500 Buyer Zone and respects the rising support line, the bullish scenario remains valid. A successful rebound could push price toward the 1.1550 Seller Zone (TP1). However, a breakdown below 1.1500 would weaken the bullish outlook. Please share this idea with your friends and click "Boost" 🚀

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