EUR/USD – 8H – BUY

The EUR/USD 8-hour signal is overwhelmingly bullish, with a 100% probability and very strong strength, driven by a confluence of technical events. The breakout of both a trendline and an ascending triangle on the 8-hour chart indicates a continuation of the established uptrend. Multiple moving average signals (DEMA, EMA, MA) and the MAMA price breakout confirm strong bullish momentum, while the retreats to key moving averages suggest buyers are stepping in at higher levels. The alignment of bullish trends across all timeframes, from 15-minute to daily, underscores the robustness of the current move.

Key levels to monitor are the nearest resistance at 1.16855, which the pair is approaching, and the nearest support at 1.15114. A sustained break above resistance could open the door to further upside, while a pullback to support would offer a potential entry point for those who missed the initial move. The confluence of patterns and trend alignment across timeframes suggests the path of least resistance is higher, but traders should remain vigilant for any signs of reversal, especially if price fails to hold above recent breakout levels.