Breakout on EURUSDEUR/USDOANDA:EURUSDRyan_lopesTrend Structure You correctly identified a descending trendline resistance connecting lower highs since late January. The broader structure before the breakout was: Downtrend → Lower highs + lower lows The breakout suggests: Potential trend transition → from bearish → neutral/bullish 👉 Important: One breakout ≠ full reversal. We need confirmation. Immediate Resistance ~1.1600–1.1620 zone Previous rejection area Psychological level Support Zones 1.1550 area → breakout level (now key support) 1.1500 → strong psychological + structure support Bullish Continuation Retest trendline → bounce Break above 1.1600 Targets: 1.1650 1.1700 Fake Breakout Scenario Price falls back below trendline Strong bearish candle Targets: 1.1500 1.1450 Upcoming Catalysts to Watch US CPI / NFP ECB rate decision Fed speeches Geopolitical tensions These can invalidate technical setups instantly. Summary Breakout is technically valid ✅ Needs confirmation via retest + higher high Fundamentals currently mixed, driven by Fed vs ECB expectations Key level to defend: 1.1550