EUR/USD Intraday Signal: Bullish Bias Holds Above 1.1725
Analysis:
EUR/USD maintains a bullish intraday bias while holding above the pivot level at 1.1725. Buyers remain in control of the short-term structure, targeting 1.1770 and the key upside objective at 1.1790 in extension. Price action continues to respect higher support levels, suggesting that the broader upward structure remains intact.
Although a continuation of consolidation cannot be ruled out, its downside extent is expected to remain limited as long as price stays above 1.1725. The overall structure favors a gradual upside continuation rather than a deep corrective move.
Alternatively, a break below 1.1725 would weaken the bullish outlook and expose downside levels at 1.1700 and 1.1680, where buyers may attempt to regain control.
Trade Setup:
Enter: Long above 1.1725
Stop-Loss (SL): 1.1700
Target A: 1.1770
Target B: 1.1790