Lingrid | EURUSD Trend Continuation Pattern Break Confirmed ?
FX:EURUSD perfectly played out my previous trading idea . Price has broken above the descending trendline and the flag formation, confirming renewed bullish momentum within the broader upward channel. Price defended the higher-low area near the channel support and reclaimed the mid-range zone, signaling strong buyer control after consolidation. The structure now favors continuation rather than rejection, with momentum gradually building.
As long as price holds above the 1.1640 support range, buyers remain in control and the pair can rotate higher toward the 1.1700 resistance band. A clean push through this level would open space for further extension along the ascending channel, while shallow pullbacks are likely to be absorbed.
Primary scenario: structure holds continuation toward 1.1700.
Risk scenario: break below channel exposes a deeper retracement into the lower support zone.
If this idea resonates with you or you have your own opinion, traders, hit the comments. Im excited to read your thoughts!