EURUSD Technical Analysis | Buyers Looking for Trend Continuatio
After completing a corrective decline inside a bearish channel, EURUSD found support and produced a strong recovery. The market is now respecting an ascending trendline, suggesting that buying pressure is gradually returning.
The recent higher low is an important technical signal. If buyers continue defending this structure, price may attempt another push toward the previous resistance before looking for higher levels.
Chart Observation
Bullish market structure remains valid.
Trendline support is currently the key level.
Recent momentum favors continuation if support holds.
Potential Price Objectives
First Objective: 1.1528
Second Objective: 1.1550
Third Objective: 1.1575
Final Objective: 1.1600
Alternative Scenario
If price closes below trendline support with strong bearish momentum, the market may revisit lower support before creating another buying opportunity.