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Piyasa

EURUSD Bulls Target 1.1620

EURUSD Bulls Target 1.1620

Euro vs. US Dollar FX:EURUSD

EURUSD continues to maintain a bullish market structure despite the recent pullback from the 1.1560 resistance zone. The strong impulsive rally following the Break of Structure (BOS) confirms that buyers remain in control, while the current decline appears to be a healthy retracement rather than a trend reversal.

Price is approaching the 1.1500–1.1510 support zone, which aligns with the rising moving average and Supertrend support. As long as this area holds, it offers a favorable location for buyers to re-enter the market and continue the prevailing uptrend.

The 1.1560 level remains the immediate resistance. A decisive breakout above this zone would signal renewed bullish momentum and increase the probability of an expansion toward higher liquidity levels.

Bullish Targets
Target 1: 1.1560 – Retest of the current resistance zone.
Target 2: 1.1580 – Breakout confirmation and next liquidity objective.
Target 3: 1.1620 – Major bullish expansion target if buying pressure accelerates.

Overall, the technical outlook remains bullish, with buyers expected to defend the 1.1500 support area before attempting another push toward 1.1620. A sustained move above 1.1560 would strengthen the bullish continuation scenario.

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