EUR/USD 4H Chart Analysis – Bullish Potential

We’re currently analyzing the EUR/USD 4H chart, where a fresh BUY signal has emerged, indicating potential for upward movement.

Key Observations:

- BUY Signal: A BUY signal was triggered at 1.10677, pointing to a possible reversal from the recent downtrend.

- TP Zone: The identified Take Profit (TP) zone lies between 1.11012 and 1.11240, offering a potential gain of approximately 33 to 56 pips.

- Market Structure: The price is holding above key support levels, and the overall market structure hints at a continuation toward the TP zone. Recent price action suggests diminishing bearish momentum as we approach these levels.

Trading Plan:

If the price continues to rise, targeting the TP zone between 1.11012 and 1.11240 could provide a favorable outcome. Keep an eye out for confirmations as the price nears these targets.

Always manage your risk effectively and adapt to new signals as needed. Trade smart!