EURUSD LONG EUR/USDOANDA:EURUSDcreamygemLooking to buy dips against heavy retail short positioning, targeting the 1.20xx zone while price holds key higher‑timeframe support and structure. Market context and sentiment Retail positioning is heavily skewed to the short side on EURUSD, with a clear majority of traders selling into the recent rally, which for me creates a contrarian bullish bias as long as price holds above key structure levels. The pair has been in an overall upward trend through March–April 2026 after bottoming in the 1.14 area, with price recently trading in the mid‑1.17s–1.18s and repeatedly finding demand on pullbacks. Higher‑timeframe research and forecasts continue to highlight an upside scenario toward 1.20 and beyond if current resistance is broken and sustained, which aligns with my longer‑term target zone around 1.20xx. Structure and trade thesis On the higher timeframes (daily/weekly), EURUSD has been putting in higher lows since the March low near 1.1410, holding above key support and major moving averages, which confirms a bullish structure for me. Price has recently corrected off the local high around 1.1850 into support in the 1.17–1.18 region, an area that aligns with prior breakout structure and neckline zones from earlier patterns, making it an attractive pullback area to look for continuation buys rather than chasing the highs. As long as these demand zones and supports hold, I view any sharp dips caused by news, Middle East headlines, or short‑term USD strength as opportunities to position into the prevailing uptrend with a clear invalidation below the most recent swing lows. Plan: buying the dip toward 1.20xx Given the combination of a bullish trend, supportive macro backdrop, and crowded retail short exposure, my plan is to buy pullbacks (“buy the dip”) into marked support zones with the medium‑term target set toward the 1.20xx region above current resistance. I am not interested in selling into strength while the majority of retail traders are already short and price remains above key levels; instead, I will wait for liquidity grabs and stop‑hunts into support to build long exposure with a favorable risk‑to‑reward toward 1.20xx. The trade idea is invalidated for me if price breaks and closes decisively below the recent higher‑low structure and main support area, which would signal that the current bullish leg has likely ended and that the push toward 1.20xx is off the table for now.