Bullish Channel Intact | Buyers Target 1.1670 Zone
The EUR/USD pair continues to trade within a well-defined ascending channel on the 15-minute timeframe, showing consistent higher highs and higher lows. After several sessions of sideways accumulation around 1.1630–1.1645, price has regained momentum and is currently heading toward the upper boundary of the channel near 1.1670.
https://www.tradingview.com/x/ChJv5ZrV/
Trend structure: The pair respects a clear bullish channel, with dynamic support near 1.1620 and resistance around 1.1670–1.1680.
Momentum: RSI remains firm above the 50-level, suggesting ongoing buying pressure.
EMA alignment: Short-term EMAs (20-50) point upward, confirming intraday bullish momentum.
Liquidity zone: The previous consolidation block near 1.1630 may now act as strong support for potential pullbacks.
- Trading Plan Suggestion:
Buy on dips toward 1.1635–1.1640 with stop loss below 1.1620.
Take-profit targets: 1.1670, and extended target 1.1690 if bullish momentum accelerates.
Invalidation: A breakout below 1.1620 could shift short-term bias back to neutral.
As long as EUR/USD stays above the channel’s midline and the U.S. dollar remains under moderate pressure, the path of least resistance favors the upside.
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