Euro rounded bottom, 0.67% setupEUR/USDOANDA:EURUSDar_khan13 Euro rounded bottom, 0.67% setup **EUR/USD Formulates a Classic Reversal Pattern on the 1H Chart** 📈 The Euro is showing strong signs of a bullish structural shift against the US Dollar, carving out a textbook **Rounded Bottom (Saucer) pattern** over the last few weeks. This pattern indicates a gradual transition from a bearish markdown phase to steady accumulation, signaling that buyers are stepping back into the driver's seat. ### 🔍 Technical Breakdown: * **The Neckline:** A crucial resistance level has formed around the **1.1656** zone (represented by the yellow horizontal line). * **The Trigger:** Price is currently testing this key pivot. A clean, decisive breakout and candle close above this neckline will validate the pattern and open the gates for a bullish extension. * **The Target:** Measuring the depth of the saucer projects an upside target of roughly **+0.69% (80 pips)**, positioning the take-profit level right around **1.1737**. ### 🛡️ Trade Management: > **Pro Tip:** Look for a strong hourly close above resistance, or ideally, a post-breakout retest of the 1.1656 level acting as new support before committing to a long position. Keep an eye on incoming Eurozone and US macro data that could catalyze the volume needed to fuel this move. > What are your thoughts on this accumulation? Are you buying the breakout or waiting for a pullback? Let me know in the comments! 👇 #EURUSD #ForexTrading #TechnicalAnalysis #TradingView #ChartPatterns #RoundedBottom