EURUSD Technical Analysis and Trade Idea

I’m currently keeping a close eye on EURUSD, which has been trading in a strong bullish trend. Price pushed higher with solid momentum during the Asian session, showing clear strength from buyers

That said, price is starting to look overextended, so a pullback or retracement during the London session would not be a surprise. This would be healthy price action within an overall uptrend and something worth watching closely

Later today, during the New York session, we have the Prelim GDP data release, which is a high-impact news event This data could inject volatility into the market.

If the GDP numbers come out negative for the US dollar, I’ll be looking for buy opportunities on EURUSD, aligning with the higher-timeframe bullish bias and waiting for price to show confirmation after the news