EURUSD TRADE IDEA

EURUSD – H1 Trade Analysis

Based on the chart, EURUSD is showing a bullish bias after respecting an ascending trendline and holding above key support.

Market Structure

• Trend: Short-term bullish.
• Price has formed higher lows, supported by the rising trendline.
• Buyers defended the 1.1403–1.1405 support zone multiple times.

Key Levels

• Support: 1.1403
• Immediate Resistance: 1.1410
• Major Resistance / Target: 1.1432

Trade Idea (Buy)

• Entry: 1.1404–1.1410 (after a bullish rejection or candle close above resistance)
• Stop Loss: Below 1.1398 (or below the ascending trendline)
• Take Profit 1: 1.1423
• Take Profit 2: 1.1432

Invalidation

If price closes below 1.1403 and breaks the ascending trendline with strong bearish momentum, the bullish setup is invalidated and a move toward 1.1382 becomes more likely.

Bias: 🟢 BUY while price remains above 1.1403, targeting 1.1432.