EURUSD – Bullish Setup for Today

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EURUSD – Bullish Setup for TodayEUR/USDOANDA:EURUSDDaniellaLionForexHello dear traders, what are your thoughts on EURUSD? EURUSD is showing encouraging signs of a potential recovery. After a clear bearish move, price has returned to retest the support area around 1.1600, where a Double Bottom pattern is forming. This formation often reflects market hesitation to push prices lower and signals strong buying interest at this level. If the support holds, buyers may regain control, paving the way for a rally towards the 1.1680 target zone. The double bottom combined with the demand area provides a solid basis for today’s bullish outlook, favouring buy-the-dip strategies as long as price remains above support. The 1.1600 level is the key battleground as holding this zone strengthens the bullish case for EURUSD today. What do you think, will EURUSD continue to bounce higher or face renewed selling pressure Share your thoughts in the comments. Wishing you good luck and profitable trades!