EUR/USD Market Structure
EUR/USD is currently holding above the 1.1650–1.1660 support area following the recent breakout. This zone is now an important area for determining whether bullish momentum can continue.
Trading Plan
- 🟢 Bullish Scenario: Holding above 1.1650 keeps the bullish continuation setup active.
- 🎯 Upside Targets: 1.1740–1.1800.
- 🔴 Bearish Warning: A break below 1.1650 would weaken bullish momentum.
- 📉 Lower Support: If 1.1650 fails, watch the 1.1580–1.1600 area.
Best Trading Setup
Rather than chasing price after the breakout, traders can watch for a pullback toward the 1.1650–1.1660 support zone.
A successful reaction from this area could provide better confirmation of bullish continuation, while a decisive breakdown would require reassessing the bullish structure.
📅 Forex Calendar — Key Events This Week
- Wednesday: 🇺🇸 US PCE + GDP
- Thursday: 🇺🇸 US Jobless Claims + 🇪🇺 ECB Accounts
- Friday: 🇺🇸 Jackson Hole / Fed Chair Speech
These events may increase volatility in EUR/USD, particularly around the release times. Traders should monitor economic data, central-bank communication, and price reaction around the key technical levels.
Key Levels at a Glance
| Level | Role |
|---|---|
| 1.1800 | Upper bullish target |
| 1.1740 | First bullish target |
| 1.1650–1.1660 | Key support / pullback zone |
| 1.1580–1.1600 | Lower support if 1.1650 breaks |
Trade the setup, not the prediction. 📊
Educational content only. This analysis is not financial advice. Always use appropriate risk management and confirm price action before entering a trade.
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