The EURUSD pair demonstrates a strong upward trend after successfully breaking through the upper boundary of the Bollinger Bands on the intraday time frame, indicating a growing dominance of buying pressure. The consistent price movement above the bullish trendline highlights the established uptrend structure, while the MACD indicator provides additional confirmation with the MACD line positioned above the signal line and entering positive territory.
This technical combination reinforces the prospects for continued growth of EURUSD in the near future, with potential toward the next resistance level as long as the price remains above the breakout area and does not revert to the previous consolidation zone.
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On the 15-minute time frame, the dominance of buyers is increasingly evident, reflected in the sharply rising Moving Average (MA) line, demonstrating strong and sustained buying momentum. The price remains stable above the MA, reinforcing the structure of higher lows and higher highs, characteristic of a bullish trend. Additionally, the MACD indicator shows positive signals, with the MACD line above the signal line and the histogram strengthening in positive territory. The combination of these indicators affirms that buying pressure continues to dominate, opening the opportunity to test 1.14095.
Technical Reference: buy above 1.12725
Potential Take Profit 1: 1.13725
Potential Take Profit 2: 1.13880
Potential Stop Loss 1: 1.12920
Potential Stop Loss 2: 1.12725
