strong bullish recovery after the sharp selloff toward the 1.3310 zone. Price has formed an ascending structure with higher lows, and buyers are now testing a key resistance area around 1.3490–1.3505.
The current breakout attempt above the consolidation range suggests bullish momentum is increasing. If buyers maintain control above 1.3500, the next upside targets are:
- 1.3545
- 1.3590
- 1.3630
The drawn projection on the chart also supports a continuation toward the upper resistance zone near 1.3600+.
Immediate support levels:
- 1.3450
- 1.3435
- 1.3400
A rejection below 1.3450 could trigger another pullback toward the lower demand area before continuation.
Market structure remains short-term bullish while price holds above the rising trendline and breakout zone. Momentum traders may look for buy opportunities on dips rather than chasing late entries. (roboforex.com)
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