EURUSD 4H waiting for breakdown and confirmation for growth

EURUSD 4H waiting for breakdown and confirmation for growth

Key Points of Analysis:

Expected upward movement: The price may continue to rise after the breakdown of the trend line. Confirmation will be the price holding above this line and the demand zones.

Key targets:

1.0436: First resistance zone expected to be reached if the upside continues.

1.0492 and 1.0553: Next target resistance zones.

Risks: If the price returns under the demand zone (1.0380-1.0404), the upside scenario could be canceled and the price could fall again.

Forecast

With current expectations and if the trend breakout is confirmed, a rise to 1.0436 and then to 1.0492 and 1.0553 is likely.
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