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EURUSD H4 — Bullish Breakout Retest Toward 1.1710
EURUSD has broken above the 1.1578–1.1585 resistance zone , reaching 1.1614 before pulling back. The short-term structure remains bullish, with price trading above both the 20-day and 50-day moving averages. Because momentum is already elevated, I would avoid chasing the breakout. The preferred setup is to wait for former resistance to act as support. 🟢 Bias: Bullish ⏱ Timeframe: H4 📍 Entry zone: 1.1570–1.1580, after bullish rejection or an H4 close holding above the zone 🛑 Stop loss: 1.1510 🎯 Take profit 1: 1.1660 🎯 Take profit 2: 1.1710 At an average 1.1575 entry, the approximate reward-to-risk is 1.3R to TP1 and 2.1R to TP2 . Rationale: The 1.1578–1.1585 area capped price several times before the breakout. A successful retest would turn that resistance into support. The next
