The EURUSD movement on the 1-hour timeframe continues to exhibit a robust and well-maintained upward trend. Corrective pressures that have emerged so far have not been able to alter the primary price direction, as the formation of consistent higher highs and higher lows persists. This condition illustrates that buyers are still in control of the market, while any price dips largely function as temporary pauses before the continuation of the upward trend.
From a technical perspective, supportive bullish signals are increasingly aligning. The ZigZag indicator is forming progressively higher troughs and aligns closely with the Moving Average, indicating a dynamic area that continuously triggers buying responses. Moreover, the MACD remains solidly in positive territory with stable movements, suggesting that the upward momentum is not losing strength. This combination reinforces the potential for a continuation of the bullish trend as long as the price structure is maintained.
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On the 15-minute chart, EURUSD is moving steadily within a bullish channel, underscoring the dominance of buyers in the short term. The ascending Moving Average combined with the zigzag pattern still forming a bullish structure highlights ongoing positive momentum. As long as the price remains above the channel support area, the chances for EURUSD to proceed with strengthening and test the resistance at 1.18000 remain open.
Technical Reference: buy as long as above 1.17270
Potential Take Profit 1: 1.17840
Potential Take Profit 2: 1.17800
Potential Stop Loss 1: 1.17390
Potential Stop Loss 2: 1.17270
