EURUSD: Bullish Momentum Targets 1.1607

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EURUSD: Bullish Momentum Targets 1.1607EUR/USDOANDA:EURUSDParadise_NoirEURUSD is maintaining a clear bullish structure on the H4 timeframe, with price consistently forming higher lows and trading steadily within an ascending channel. The fact that the price remains above the Ichimoku cloud indicates that buyers currently hold the upper hand. Following the recent rally, I am paying close attention to the 1.1560 level. A minor pullback to this area would not alter the primary trend; conversely, if buying pressure returns, this level could serve as a base for the next leg up. My primary scenario anticipates EURUSD continuing its ascent toward 1.1607, which aligns with the upper boundary of the rising channel. This is also an area where the price is likely to encounter stronger profit-taking pressure. Preferred trend: BULLISH 🎯 Target: 1.1607 📌 Support level to hold: 1.1560