EURUSD – Technical Target Analysis

EURUSD – Technical Target Analysis (Based on Chart)

Trendline Breakout

Price has clearly broken above the descending trendline, which often signals that the prior bearish momentum is weakening and a corrective move upward is likely.

Ichimoku Structure

Price pushed into and through the cloud, showing early bullish pressure.

A bullish continuation is possible if price holds above the cloud and above the breakout level.

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Target Levels Based on my Chart

My chart shows two target zones, and the market structure supports them:

Target 1 (Short-term / Conservative)

1.1570 – 1.1580 zone
This area is:

The first horizontal resistance

A point where previous selling pressure appeared

A logical TP1 for a breakout-pullback setup

A pullback into this zone is common after a trendline breakout.

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Target 2 (Extended / Stronger Move)

1.1615 – 1.1622 zone
This area aligns with:

Major structural resistance on my chart

The upper measured-move extension my marked

Previous swing highs

If momentum continues, this is the next logical upside target.

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Summary of Targets

Target Price Zone Reason

Target 1 1.1570 – 1.1580 First resistance + measured breakout level
Target 2 1.1615 – 1.1622 Major resistance + full extension