EUR/USD on the 1-hour timeframe.Technical analysis check captain

Key Observations:

1. Support Zone:

The highlighted yellow-green zone represents a support area where buyers are expected to step in.

The price has touched this zone and is showing signs of a potential reversal.



2. Expected Move (Arrows):

The blue arrow suggests a potential short-term pullback before a rise.

The black arrow represents the main bullish move, indicating a possible rally toward higher levels.



3. Technical Analysis:

The pair is reacting to a previous support level, which could lead to a bullish bounce.

If the price holds above this zone, it may continue upward toward 1.04500 and beyond.




Conclusion:

This setup suggests a buy opportunity if the price confirms a reversal from the support zone.

Invalidation: If the price breaks below this support, the bullish outlook weakens.

Next Resistance: Around 1.04500 - 1.05000.


Are you planning to enter this trade, or waiting for further confirmation?