EUR/USD Bullish Breakout in Focus – Eyeing the Key Target Levels

7 May

EURUSD is building bullish momentum as it breaks out of a range-bound structure showing signs of a potential upward continuation After a period of consolidation the price has breached minor resistance and is now approaching a key decision zone

Key Technical Highlights
Range Formation The pair has been trading in a horizontal range respecting support around 1.1260 and resistance near 1.1430
Breakout in Progress: Price is breaking above the range midpoint suggesting growing bullish pressure
Support Zone Immediate support now lies around 1.1360 which may act as a retest zone before further upside

Next Resistance Levels
1.1425 – former range top
1.1482 – intermediate resistance
1.1550 – psychological and structural target zone

Technical Outlook
If EUR/USD sustains above 1.1360 we could see a rally toward 1.1500 and ultimately the psychological target of 1.1550 A brief pullback before continuation is possible but the overall structure favors bulls for now Conclusion
EUR/USD is showing signs of strength with a potential breakout scenario unfolding. Keep an eye on how price reacts near 1.1360 and 1.1420. A firm hold above these levels could open the door to a bullish extension toward the 1.1550 region...

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9 May

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