EURUSD D1

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EURUSD D1Euro vs. US DollarFX:EURUSDWinlouhStructure: After bottoming near 1.1350 in July, EURUSD reversed and broke above a multi-month descending trendline (drawn from the April high). Price is now trading at 1.1672, sitting just above the trendline breakout zone marked by the box around 1.1550–1.1600. Mapped scenario: Price is expected to pull back into that box (~1.1600, near the trendline breakout point) for a retest, then reverse and continue higher toward roughly 1.1880. My take: The trendline break itself is a meaningful structural signal — a downtrend that held for nearly five months got broken, and price has held above it since. A retest of the breakout zone is a very standard and healthy follow-through pattern, so this scenario is well-grounded technically. The key thing to watch is that the retest holds as support rather than price closing back below the trendline — if it closes back under ~1.1550 on the daily, that would flip the breakout into a false one, and the bullish continuation case would need to be dropped. Otherwise, this is a fairly clean "break, retest, continue" setup, and the 1.1880 target lines up with the prior resistance area from May. Bias stays bullish above the ~1.1550 trendline zone, targeting 1.1800–1.1880 next.