EURUSD Recent Price Action| Identifying a break of a key level

Evening Traders,

In this educational post I will analyse how a price action level breaks and puts in a retest.

Assessing the chart, we have a clear Resistance on the left that was breached with an impulse break. The level was retested and confirmed as support with an S/R Flip Retest.
This shows strength in the price action; however volume was not evident, leading to a bearish expansion back below the level.

EURUSD eventually retraced and broke the resistance again with a strong impulse and is currently trading above the level.
For this breakout to be valid on the retest, we need to see an increase in the volume profile. This will signify a true break as incoming volume will lead to an expansion.

I hope this educational peace helped,

Thank you for following my work!