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Euro / U.S. Dollar
Long

EURUSD TECHNICAL ANALYSIS

92
📊 EUR/USD Technical Analysis – July 23, 2025

The pair is currently respecting an ascending trendline on the 1H timeframe, showing bullish momentum after breaking previous highs. Price is consolidating just below a key resistance zone, suggesting a potential breakout or rejection scenario in the coming sessions.

🔍 Key Levels:
🔴 Resistance 1: 1.17607

🔴 Resistance 2: 1.18415

🟢 Support 1: 1.16793

🟢 Support 2: 1.15983

✅ Bullish Scenario:
If price holds above the ascending trendline and breaks above the 1.17607 resistance zone with strong volume, we could see a continuation towards the next resistance at 1.18415. A bullish breakout with a retest offers a buy opportunity, targeting the higher resistance level with a stop below the trendline.

Buy Entry Idea:

Entry: After breakout and retest of 1.17607

TP: 1.18415

SL: Below 1.17250

❌ Bearish Scenario:
If price fails to hold above the trendline and breaks below 1.16793, it may signal a shift in momentum. In that case, a sell opportunity could emerge on the retest of broken support, targeting the next support level at 1.15983.

Sell Entry Idea:

Entry: Below 1.16793 after confirmation

TP: 1.15983

SL: Above 1.17000

💡Conclusion:
EUR/USD is currently at a key decision point. Traders should wait for a confirmed breakout in either direction before entering. Monitor volume and price action around the resistance and trendline area for the best setup.

📌 Always manage your risk and stick to your trading plan.

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