EURUSD 1H: Reclaiming Resistance & Trendline Seller TrapEuro / U.S. DollarFOREXCOM:EURUSDgongroupvn1. Market Context On the 1H chart, EURUSD is showing a strong bullish structure. After executing a major deviation below the lower boundary of the parallel channel (marked "Fake Break Parallel Channel"), the price saw massive institutional absorption. Subsequent dips to local supports were immediately bought up, marked by successive "No Buyer" exhaustion signals. The market is now aggressively pressing against the key horizontal resistance zone at 1.14512 - 1.14583, preparing for a decisive breakout. 2. Sentiment & Price Trap Analysis • The Fake Break & Retail Shakeout: The initial drop below the parallel channel support successfully trapped breakout retail sellers and washed out weak buyers. The rapid recovery back into the channel confirmed strong institutional demand. • The Resistance Seller Trap: Retail shorters are aggressively defending the horizontal resistance zone between 1.14512 and 1.14583 (marked "Seller"), expecting the range top to hold. Their stop losses (buy stops) are concentrated heavily just above 1.14583, representing a massive pool of buy liquidity. • The Squeeze Catalyst (Break Signal): A decisive 1H candle close above 1.14583 (marked "Break Signal") will trigger the accumulated buy stops of the trapped shorters. This forced liquidation will act as direct rocket fuel, driving the price rapidly upward toward the next expansion targets at 1.15000 (Level 2) and 1.15383 (Level 3). 3. Trade Setup We target a high-probability long entry on a confirmed breakout of the key resistance zone to exploit the trapped sellers' liquidation momentum. • Entry: 1.14583 (Buying the confirmed breakout close / Break Signal) • Stop Loss (SL): 1.14154 (Placed safely below the recent "No Buyer" consolidation low) • Take Profit (TP): 1.15383 (Targeting Level 3 near the upper parallel channel boundary) • Risk-to-Reward Ratio (R:R): Approx 1.86:1