EURUSD: Trendline Resistance Signals Pullback RiskEuro vs. US DollarFX:EURUSDStructure_ViewEURUSD has extended its recovery and is now testing a long-term ascending trendline that has repeatedly acted as resistance. While bullish momentum remains strong, the pair is approaching a key technical barrier where sellers could regain control and trigger a short-term correction. 📊 Trade Plan 🔻 Entry: 1.15300 🛑 Stop Loss: 1.15710 🎯 Take Profit 1: 1.14970 🎯 Take Profit 2: 1.14400 Why this level matters Price has rallied directly into a well-respected trendline resistance that has rejected previous advances. This area represents the first significant obstacle for buyers after the recent impulsive move. At the same time, the Stochastic oscillator has entered overbought territory, indicating that bullish momentum may be becoming stretched. While overbought conditions alone are not a sell signal, they often support the case for a pullback when price reaches a major resistance level. A bearish rejection from the trendline would reinforce the current technical structure and increase the probability of a move back toward the major demand zone. Market Context The US dollar weakened after the Federal Reserve left interest rates unchanged, allowing EURUSD to extend its rally. However, the Fed maintained a cautious tone, and policymakers remain divided on the path of future monetary policy. Meanwhile, the European Central Bank also kept rates unchanged while reiterating its data-dependent approach, leaving markets focused on incoming inflation and growth data rather than immediate policy changes. With both central banks avoiding firm forward guidance, technical levels are likely to play a greater role in shaping short-term price action. That makes the current test of trendline resistance especially important. Trading Scenarios 🔻 Preferred: A rejection from the trendline resistance could push EURUSD toward 1.14970, with 1.14400 as the next downside objective. 🟢 Alternative: A decisive close above 1.15710 would invalidate the bearish setup and suggest buyers have enough momentum to extend the rally toward fresh highs.