EUR/USD – 2H – BUY

The EUR/USD 2H chart has fired a cluster of bullish signals including a Trendline Retreat Up, Double Top Retreat Up, BOP Zero Cross Up, STOCHF KD Cross Up, Fibonacci Retreat UpTrend at the 79% level, and a Support Level Retreat Up. These signals collectively indicate a potential reversal from the recent bearish move, with buyers stepping in at a key support zone. The confluence of a trendline retreat, double top pattern failure, and Fibonacci retracement support suggests strong buying interest near the 1.13645 level.

However, the broader trend across timeframes remains bearish and choppy, with all lower timeframes (15m to 8h) showing a bearish bias and weak trend strength (score 1/5). The daily chart shows a solid bearish trend (score 3/5), indicating that the larger downtrend is intact. This bullish signal cluster on the 2H timeframe may represent a counter-trend bounce within the larger bearish structure. Key levels to watch are resistance at 1.14178 and support at 1.13645. A break above resistance could extend the move, while a loss of support would invalidate the bullish setup.