EURUSD – Potential Bullish Shift After Double Bottom Formation

EURUSD price action shows signs of a possible uptrend continuation, especially after breaking the local trendline resistance, as highlighted in today’s chart. The formation of a double bottom pattern and bullish candlestick structure suggests building momentum on the upside.

🔼 Bullish Scenario:

A confirmed breakout above 1.17500 would confirm the bullish trend, opening the way towards 1.18005 and 1.18500

🔽 Bearish Scenario:

If price fails to sustain and closes below 1.17200 on the 2H timeframe, then a bearish move could extend towards 1.16000 (key support level)

📊 Technical Summary:

Key Resistance: 1.18005 / 1.18500
Key Support: 1.16500 / 1.16000

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