The euro bulls are gathering their strength.

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The euro bulls are gathering their strength.Euro vs United States DollarTICKMILL:EURUSDThorne-Technical Side: Critical Support Battle, Clear Bull-Bear Dividing Line The current price of 1.16260 resides at multiple technical junctures, with well-defined levels guiding the short-term trend: Key Support Zones (Layered & Resilient) 1.Immediate Strong Support: 1.1618–1.1625A confluence of the recent rally’s starting point and a psychological integer level, forming a robust near-term defense. Price consolidation around this range reflects balanced buying interest. 2.Secondary Support: 1.1585–1.1590Aligns with the daily Ichimoku Cloud base, a key dynamic support level in technical analysis. A break below this zone would weaken the bullish structure. 3.Critical Support: 1.1547A make-or-break level for the current uptrend — sustained below this level could trigger a deeper correction toward lower technical targets. Core Resistance Zones (Concentrated Supply) 1.Primary Resistance: 1.1664The peak of a double-top pattern, where previous failed breakout attempts have left concentrated selling pressure. 2.Key Resistance: 1.1682A confluence of the Bollinger Bands upper band and the upper edge of the prior consolidation range, representing the threshold for a new bullish leg. 3.Upside Target: 1.1720–1.1750Clear rally space opens up if 1.1682 is breached with volume confirmation, as the resistance zone transforms into a new support base. Indicator Signals (Mixed but Bullish Bias Intact) - 4-hour Chart: Price remains firmly above the Bollinger Bands middle band, confirming the bullish-dominated structure has not reversed. - 1-hour Chart: Stochastic oscillator is in the overbought zone (above 80), signaling short-term profit-taking may lead to mild consolidation or a shallow pullback. - MACD: Red momentum bars are narrowing on the 4-hour timeframe, indicating bullish momentum is temporarily fading — caution is warranted for a potential "fake breakout" without fresh momentum. EUR/USD trading strategy buy:1.16200-1.16300 tp:1.16600-1.16800-1.17000 sl:1.15900