From TradingView · · 40s
EUR/USD Bounce to 1.1260 Target
EUR/USD bounces from 1.1190 support toward 1.1260 resistance.
In brief
EUR/USD bounces from 1.1190 support toward 1.1260 resistance. EUR/USD price bounced from 1.1190 support and targets 1.1260 resistance. Originally reported by TradingView.
EUR/USD Bounce
EUR/USD completed a clean pullback to retest its dynamic ascending bullish trendline right on top of the 1.1185, 1.1190 horizontal support base.
Price Rotation
Price printed clear lower rejection wicks from this confluence and is already rotating back higher around 1.1224.
Two Play Scenarios
Scenario 1: Buyers defend 1.1185, 1.1200 support for push toward 1.1260 resistance. Scenario 2: Price dips to test 1.1200 trendline with absorption wicks inside 1.1190, 1.1205.
Key Targets
Target 1: 1.1260 resistance. Target 2: 1.1335 macro target. Invalidation: Clean 1H close below 1.1180.
At a glance
EUR/USD price bounced from 1.1190 support and targets 1.1260 resistance.
