USD/EGP : Overview on Weekly Time-frameU.S. DOLLAR / EGYPTIAN POUNDFX_IDC:USDEGPsnourUSDEGP Weekly Chart Consolidation Base Test & Potential Macro Breakout Setup The USD/EGP pair is currently trading at 50.50 (+1.90% for the weekly candle), continuing its multi-month side-range consolidation following the major devaluation/float cycle of early 2024. Price action is building a well-defined accumulation base above critical demand levels. Technical Breakdown & Market Structure •Macro Range Bounds (46.60 – 52.00): Since March 2024, price has been bounded within a broad horizontal consolidation range (blue channels). oUpper Resistance: 51.50 – 52.00 EGP (Multi-touch ceiling). oLower Support: 46.60 EGP (Macro base). •Ascending Accumulation Floor (46.60 / 47.90 / 48.70): The orange highlighted demand box highlights a series of ascending higher lows (46.60 --> 47.90 --> 48.70). The strong green weekly candle currently pushing off 49.86 toward 50.50 indicates strong buyers defending the higher low structure. •Overhead Resistance Pivot (51.50 – 52.00): This remains the primary trigger zone for bulls. A weekly close above 52.00 will mark a structural range breakout. Indicator Insights •RSI (14): Currently sitting at 49.93 (Signal at 55.99). The index has stabilized near the 50 mid-line after holding above 40 during the localized dip, signaling momentum is resetting for a prospective push higher. •MACD (12, 26, 9): MACD histogram momentum is rounding up following a period of contraction. The signal line remains positive (0.6050), reflecting long-term structural underlying strength despite the consolidation phase. Expectations & Projections Scenario A: Bullish Range Breakout (Primary Trend Continuation) •Immediate Hurdle: Testing the upper range resistance band at 51.50 – 52.00. •Breakout Trigger: A decisive weekly close above 52.00. •Intermediate Targets: 56.00 and 60.00 psychological extension levels. •Macro Target: 67.00 (Full vertical measure / major impulse target annotated on chart). •Invalidation / Stop Loss: A sustained weekly breakdown below the 47.90 – 46.60 demand base. Scenario B: Continued Range Bound Consolidation •Rejection at the 51.50 – 52.00 horizontal resistance would send price back down to test support inside the 48.70 – 49.20 zone before another breakout attempt. Summary: USD/EGP is printing a bullish higher-low structure within a well-defined consolidation pattern. Holding above 48.70 keeps the bias tilted upward, with a sustained close