4 min readWe’re starting today’s EUR/USD analysis by zooming out to the weekly timeframe—a move that puts the current breakout into perspective.
With just two days and 14 hours remaining before the weekly candle closes, EUR/USD is currently trading well above the previous high timeframe resistance zone. If this candle closes above that level, it would mark a weekly breakout with both an open and close above resistance—a strong technical signal often used by traders to confirm higher timeframe structure shifts.
The next area of interest above is the 1.1600 level, which is where high timeframe resistance begins. Price has not traded above that zone since the start of 2022, making this one of the most significant structural shifts we’ve seen on this pair in over two years.
If this momentum holds into the close, it may support a long-awaited transition into a new phase of trend development for EUR/USD.
Intraday View – EUR/USD (1H Chart)
Zooming into the lower timeframes, EUR/USD remains range-bound, though we’ve seen a strong bullish reaction from the range lows overnight. Price is currently pushing above the range EQ (equilibrium) and moving toward the range high area.
While the weekly structure appears strong, it’s important to remember that due to the fractal nature of price action, larger moves often start with signals on the lower timeframes. Watching how price behaves here can provide valuable early context.
This current range continues to offer clear reference points:
- A break below the range lows may open the door to a retest of the 1.1200 breakout zone, or possibly even the 1.1080 level if momentum continues to the downside.
- A break above the range highs could align with the higher timeframe strength and bring 1.1600 into focus as the next potential resistance area.
These levels create well-defined structure and offer intraday traders a solid framework for risk management and planning throughout the day.
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