On the 15-minute chart, EUR/USD has formed a potential bullish reversal pattern near a key support zone (highlighted in yellow). The pair recently tested the support around 1.03278, which aligns with previous demand levels, making it a strong area for a potential bounce.
Key Highlights: Support Zone: 1.03278 is identified as a critical level for buyers to defend. Entry Zone: Price is currently in the highlighted zone of interest, suggesting an ideal spot for long positions. Target: The projected target for this bullish setup is at 1.04640. Stop Loss: Placed below the support zone at 1.03269 to limit downside risk. The upward arrow illustrates the expected bullish move towards the target. Keep an eye on price action and fundamentals for confirmation.