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EURUSD: Will it continue to rise after the breakout?


EURUSD: Will it continue to rise after the breakout?

EUR/USD OANDA: EURUSD



After a clear breakout on the H4 frame, EURUSD price crossed the Ichimoku Cloud and the green FVG zone at 1.1550-1.1570, turning this zone into a new support level. The higher-low → higher-high structure remains, indicating that buyers are in control.

If it stays above 1.1550, the price is likely to see a minor correction between 1.1570-1.1590 and then towards 1.1670 and 1.1720. As for the breakout of 1.1550, it will increase the selling pressure and break the current upward momentum.



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