EURUSD Showing Signs of a Short-term Bullish ReversalEUR/USDOANDA:EURUSDMaryamAtashiAfter a strong rally to the downside, EURUSD is starting to show signs of a possible bullish reversal. Price has formed a triple bottom structure, which is considered a strong reversal signal after an extended bearish move. In addition to that, the market has already managed to break above a key resistance area, suggesting that buyers are slowly gaining control again. At the moment, we are waiting for further confirmation before entering any buy positions. The main confirmation for us will be the break of the downward trendline. If price breaks and holds above this trendline, it could signal the continuation of bullish momentum and provide a solid buying opportunity. The target for this setup is around 1.16820, which aligns with the projected target of the triple bottom structure and offers approximately a 2RR setup from the potential entry area. Manage your risk and trade safe!