Trade Setup
- Direction: Long (Buy)
- Entry Zone: 1.1840 – 1.1865 (on dip to support or confirmation above current level)
- Take Profits:
- TP1: 1.1890 – 1.1900 (near-term resistance / recent high area)
- TP2: 1.1940 – 1.1970 (extended swing target)
- TP3: 1.2000+ (aggressive full target on breakout)
- Stop Loss: 1.1790 – 1.1800 (below recent low / invalidation zone)
EUR/USDC is displaying resilient bullish structure after rebounding sharply from the 1.1702 swing low, now consolidating tightly just below recent highs around 1.187-1.189. Price action shows higher lows, rejection of lower levels, and steady bids dominating the order book (68%+ bid strength). With overall uptrend intact on daily/weekly frames, positive multi-timeframe performance (up +13% yearly, mild gains recently), and EUR holding firm near 1.1853, expect continuation higher as buyers defend supports aggressively – targeting extension toward psychological 1.20 if momentum accelerates.
Short Market Outlook
Bullish momentum prevails with price in an ascending channel on higher timeframes, above key EMAs, and showing strong bid support. Important levels: Support at 1.1835–1.1765 (critical hold zone), resistance at 1.1870–1.1900 (break clears path higher), then 1.1970–1.2000+. Sideways consolidation near highs favors upside breakout over downside reversal unless heavy selling emerges below 1.18 – watch for volume surge on push higher.
#EUR #EURUSDC #CurrencyAnalysis $EUR