The movement of EURUSD on the 1-hour time frame continues to reflect a well-structured upward trend. Any corrective pressures that have emerged recently were unable to alter the price direction, as EURUSD once again established a series of higher highs and higher lows. This pattern confirms that the buying interest remains prevalent, while any price declines tend to serve as a consolidation phase before further upward movement.
Technical support reinforces this bullish view. The ZigZag indicator is forming higher lows, coinciding with the Moving Average area, indicating consistent buying responses at dynamic levels. Meanwhile, the MACD remains in positive territory and shows stable movement, reflecting that the upward momentum is still intact. The alignment between price structure and these indicators signals that the bullish trend of EURUSD still has room to advance.
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On the 15-minute time frame, EURUSD is stabilizing within a bullish channel, indicating that buyer dominance remains strong in the short term. The upward-sloping Moving Average indicates continuity of momentum, while the zigzag structure continues to form bullish patterns. As long as the price remains above the channel support, there is a significant opportunity for EURUSD to extend its gains and test the resistance level of 1.17870.
Technical Reference: Buy as long as above 1.17145
Potential Take Profit 1: 1.17730
Potential Take Profit 2: 1.17870
Potential Stop Loss 1: 1.17290
Potential Stop Loss 2: 1.17145
