EURUSD Forecast | Bullish Breakout Setup Market Analysis 1HEUR/USDOANDA:EURUSDJohnsonForexTraderEURUSD initially moved lower on the lower timeframes, confirming a bearish breakdown after losing a key support zone with strong selling pressure. The decline was followed by a period of consolidation, where the market established a solid support base and gradually absorbed selling momentum. After consolidating, EURUSD formed a well-defined resistance zone while buyers steadily regained control. The pair is now printing strong bullish candles and is approaching both the horizontal resistance level and the descending trendline. A confirmed breakout above these technical barriers would strengthen the bullish outlook and could trigger the next upward impulse. Until then, traders should wait for price confirmation before committing to long positions. Technical Targets Target 1: 1.14700 Target 2: 1.14400 Trading Plan Monitor the resistance zone carefully. A strong candle close above both the resistance level and the descending trendline may confirm the bullish breakout. Always use disciplined risk management and avoid entering trades before confirmation.