The EUR/USD pair is currently trading inside the key resistance zone at 1.17 – 1.18 (lower red box). This area has historically acted as strong resistance, pushing price lower each time. A breakout and weekly close above this level could signal further bullish continuation, opening the way toward the next resistance zone at 1.21 – 1.22 (upper red box).
EURUSD Analysis
If the price fails to break through this resistance, we may see a correction back toward the 1.12 – 1.13 support area (upper green box). This level will be an important decision point for buyers to step in.
Possible Scenarios
🔹 Bullish Scenario: Break and hold above 1.18 → Targeting 1.21 – 1.22.
🔹 Bearish Scenario: Rejection from resistance → Potential retracement toward 1.12 – 1.13, and even 1.07 if the first support breaks.
Summary
EUR/USD is at a critical zone. Traders should wait for confirmation of a breakout or a reversal pattern before entering new positions. This level could define the medium-term direction for the pair.
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