EURUSD H1: Is This Reversal Signal Reliable Enough?EUR/USDOANDA:EURUSDMarcus_lawsonEURUSD has just broken above the horizontal resistance zone at 1.1395–1.1400, confirmed by a short-term uptrend line connecting successive lows from the 1.1370 zone. Following a sharp decline from the 1.1440 high, this could be the first signal that buyers are regaining control. My plan is to buy if price pulls back to retest the breakout zone at 1.1395–1.1400 or the trendline, stop loss below 1.1370, first target at 1.1440 and a further target at 1.1460 if the rally continues. The biggest risk is if price breaks below the trendline and closes under 1.1370 — in that case, this reversal signal will be considered failed, and I'll stay on the sidelines waiting for a new structure rather than chasing the move. This is just my personal take based on technical analysis. Wishing you successful trading.