EUR/USD NEWS CDP & CPI UPDATED TARGET

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EUR/USD NEWS CDP & CPI UPDATED TARGETEuro vs United States DollarTICKMILL:EURUSDTrade_ActionBearish Scenario (Preferred) Price is struggling to reclaim the 1.1430–1.1440 resistance area. A rejection from the upper trendline followed by a 2-hour close below 1.1390 would confirm bearish momentum. If sellers break the triangle support, the next downside targets are: Target 1: 1.1380 (first support/FVG) Target 2: 1.1360 (major demand zone) Target 3: 1.1320 (strong higher-timeframe support) A breakdown from the triangle could trigger increased selling pressure as stop-losses below support are activated. Bullish Scenario Buyers need a decisive 2-hour close above 1.1430–1.1440 and the descending trendline. A successful breakout and retest would invalidate the bearish setup and open the way toward: 1.1460 1.1480 Until that occurs, rallies are likely to be viewed as selling opportunities. Key Levels Resistance: 1.1430 → 1.1440 → 1.1460 Support: 1.1390 → 1.1380 → 1.1360 → 1.1320 Trading Plan Sell Setup: Watch for bearish rejection near 1.1430–1.1440 or a confirmed break below 1.1390, targeting 1.1380, 1.1360, and 1.1320. Buy Setup: Consider longs only after a confirmed breakout above 1.1440 with a successful retest. Conclusion EUR/USD is approaching the apex of a symmetrical triangle, making a breakout likely. However, the prevailing trend remains bearish as long as price stays below the descending trendline and Supertrend resistance. A confirmed breakdown favors a move toward 1.1380, 1.1360, and 1.1320, while only a sustained break above 1.1440 would shift the bias to bullish.