EURUSD Bullish Reversal — Bulls Target 1.1650EUR/USDOANDA:EURUSDMrJasim_07🚀 EURUSD Bullish Reversal — Bulls Target 1.1650 EURUSD is showing signs of a short-term bullish recovery after finding strong support around the 1.1570–1.1580 area. Price has formed a series of higher lows and is now pushing back toward the 1.1610–1.1620 resistance zone. The recent bullish candles indicate improving buyer strength, while the market structure suggests that a confirmed breakout could open the way for further upside. 📈 Bullish Scenario: If EURUSD maintains above 1.1590–1.1600 and breaks the 1.1620 resistance zone with strong candle confirmation, bullish momentum could continue toward 1.1630, 1.1650 and potentially higher resistance around 1.1670. A successful breakout followed by a retest of 1.1620 as support would provide stronger confirmation for continuation. 🎯 Bullish Targets: • 1.1620 — key breakout area • 1.1630 — first upside objective • 1.1650 — main target • 1.1670–1.1680 — extended bullish zone 📉 Bearish Scenario: If price fails to break 1.1620 and faces strong rejection, EURUSD could enter a corrective pullback toward 1.1600. A decisive break below 1.1580 would weaken the bullish structure and could expose the 1.1570–1.1565 area. Further selling below this support would suggest that the current recovery is losing momentum. 🔑 Key Points: • Buyers are showing strength after the recent decline. • 1.1570–1.1580 remains an important support zone. • 1.1590–1.1600 is the near-term area to watch for bullish continuation. • 1.1620 is the major resistance and breakout level. • A clean breakout above 1.1620 can strengthen the upside move. • Higher lows are supporting the short-term bullish structure. • Rejection from 1.1620 could trigger a temporary retracement. • Strong candle closes and increased volume would improve breakout confirmation. 📊 Trading Perspective: From a trading perspective, the setup favors the bullish side while EURUSD remains above the 1.1580 support zone. The preferred approach is to wait for a confirmed break above 1.1620 rather than chasing price directly into resistance. If the breakout holds and a successful retest occurs, buyers could target 1.1630, 1.1650 and the higher 1.1670–1.1680 zone. ⚠️ Risk Management: Keep position size controlled and wait for confirmation around key levels. If EURUSD breaks below 1.1580 with strong bearish momentum, the bullish setup becomes weaker and the downside scenario should be considered. Major USD economic events can also produce sudden volatility, so proper stop-loss placement and risk management remain essential.