Hello traders! Below are my technical forecasts based on the current chart structure of EURUSD (1 hour). The price went from downtrend to consolidation, then found strong support and started to form higher lows along the rising support line, indicating recovery momentum. Currently, the price is holding above the 1.1550 demand zone and approaching the 1.1600 resistance level (seller’s zone), while pressure is building below it. As long as EURUSD is stable above the 1.1550 support level and respects the ascending support line, the bullish bias remains in place. A break above the 1.1600 resistance level may trigger a continuation towards higher levels (TP1). Please share this idea with your friends and press Boost 🚀
