EUR/USD Bullish Continuation SetupEuro/US DollarFX:EURUSDPRIMEALPHA-FXThis 1-hour EUR/USD chart uses the Ichimoku Cloud and highlights a developing bullish market structure. After a prolonged downtrend, price formed a falling wedge pattern (gray trendlines) and broke upward, signaling a potential trend reversal. The yellow highlighted zone represents a consolidation/range phase where buyers accumulated positions before the next move higher. Following the breakout, EUR/USD established a series of higher lows along a rising trendline, confirming bullish momentum. Price is currently trading above the ascending support line and above the Ichimoku Cloud, indicating that buyers remain in control. The recent pullback held above support and was followed by a renewed push upward, suggesting continuation of the uptrend. **Target:** 🎯 **1.16803** * Current Price: **1.16589** * Upside Target: **1.16803** * Potential Gain: Approximately **21 pips** * Key Support: **1.1645–1.1650** (trendline and cloud support area) * Bullish Bias Valid Above: **1.1640** * Invalidation: A decisive break below the ascending trendline and Ichimoku Cloud could weaken the bullish outlook. **Trade Idea:** As long as EUR/USD remains above the rising trendline and cloud support, the pair has potential to continue higher toward **1.16803**, which aligns with the marked resistance/target zone on the chart. A breakout above that level could open the door for further gains toward the 1.1690 area.