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Piyasa

EURUSD Faces 1.1560 Resistance — Pullback Toward 1.1510 in Focus

EURUSD Faces 1.1560 Resistance — Pullback Toward 1.1510 in Focus

Euro / U.S. Dollar FOREXCOM:EURUSD

Hello traders! Here is my technical outlook based on the current EURUSD (2H) chart structure. EURUSD previously broke above the descending resistance line and rallied strongly after forming a Double Bottom. However, the recovery has stalled inside the 1.1560 Seller Zone, where price has already faced multiple rejections, signaling that sellers are defending this resistance. Currently, EURUSD is trading below the 1.1560 Seller Zone while remaining above the 1.1510 Buyer Zone and the ascending trendline. The repeated rejection from resistance increases the probability of a corrective move lower. As long as EURUSD remains below the 1.1560 Seller Zone, the bearish scenario remains valid. A rejection from current levels could push price toward the 1.1510 Buyer Zone (TP1). However, a breakout above 1.1560 would invalidate the bearish outlook and favor another bullish continuation. Please share this idea with your friends and click "Boost" 🚀

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