EUR/USD Technical Outlook — Resistance Breakout or Rejection?Euro / United States DollarCMCMARKETS:EURUSDMontazarAlkefaaeTechnical Analysis — EUR/USD (1H Chart) Looking at your chart setup: EUR/USD is currently testing a horizontal resistance level after a strong upward move. A rising trendline provides support underneath, and the MACD indicator is showing renewed bullish momentum (positive histogram and a potential bullish crossover). A buy position has been placed, awaiting either the target hit or stop-loss. Positive Factors Supporting the Trade Resistance Retest: Price has returned to test a strong resistance zone. If the pair manages to close above it on the 1H chart, the bullish continuation scenario becomes more likely. Trendline Support: The rising trendline provides additional support, offering a potential bounce zone if price pulls back. MACD Signal: Momentum is turning positive — the histogram is rising, and the MACD lines are converging toward a bullish signal. Risk/Reward Ratio: The setup shows a favorable R/R above 2:1, which aligns with good money management. Risks to Watch Strong Resistance: Failure to close above resistance could lead to a false breakout and reversal. Tight Levels: Clusters of support/resistance near the entry could trigger short-term volatility, potentially hitting stop-loss before continuation. Fundamental Events: Upcoming economic news could reverse technical setups quickly — always check the calendar. Trade Management Suggestions Stop-Loss: Keep the stop below the nearest support and trendline (around 1.172–1.170 as per your chart). Move to Breakeven: Once price reaches 1:1 R/R, shift stop-loss to entry to protect capital. Partial Take Profit: Consider securing partial profits at the next resistance or when reaching 0.5–1.0 R. Trailing Stop: After 1.5–2.0 R, use a trailing stop (e.g., below 1H swing lows or ATR-based stop) to maximize gains while protecting profits. Exit Plan: If the 1H candle closes below the trendline and support with increasing bearish momentum on MACD, exit early. Possible Scenarios Bullish Breakout: A confirmed close above resistance → strong chance to rally toward the green target zone (upper resistance levels). Bearish Rejection: Failure to break resistance → drop toward lower support and possible stop-loss hit. Sideways Action: Price may consolidate in a range; reduce exposure or take partial profits to avoid being stuck in chop. Key Technical Signals to Monitor 1H Close Above Resistance = bullish confirmation. MACD Continuation: Rising histogram and bullish cross would strengthen the buy case. EMA Support: As long as price stays above the EMA, trend remains supported. ✅ Conclusion: The buy setup is technically valid with trendline support, positive momentum, and a strong risk/reward ratio. The key lies in whether EUR/USD can break and hold above resistance. Stick to your stop-loss and manage the trade dynamically with breakeven and partial profit rules.