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.
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