EUR/USD Technical Analysis – Range Break & Retest Setup

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EUR/USD Technical Analysis – Range Break & Retest SetupEuro/US DollarFX:EURUSDAdrian_Trades_EUR/USD is currently showing a clear transition from consolidation to a potential directional move. Price was previously trading inside a defined range, where multiple rejections confirmed strong resistance and support boundaries. A breakout occurred from the range, but the move lacked strong continuation, leading to a drop back into the seller zone. This indicates that sellers are still active near the resistance area. 🔍 Key Observations: Price respected the resistance zone multiple times before breaking out. After breakout, the market failed to hold higher levels → indicating a possible fake bullish continuation. Currently, price has bounced from the support zone, showing short-term buying pressure. A trendline resistance is forming, which could act as a dynamic barrier. 📌 Current Zones: Seller Zone (Resistance): Strong supply area where price got rejected. Buyer Zone (Support): Area where price recently bounced. Support Trendline: Holding price for now. Resistance Trendline: Limiting upward movement. 🚀 Possible Scenarios: Bullish Case: If price breaks and holds above the resistance trendline, we can expect a move toward TP1 (1.1566 area). Bearish Case: Rejection from the resistance zone could push price back down toward the support zone again.