EUR/USD (Euro vs U.S. Dollar)

[etfs]

EUR/USD (Euro vs U.S. Dollar) chart Pattern this is a 4-hour timeframe Ichimoku Cloud, and my marked two target levels labeled “Target Point.”

Here’s the breakdown:

Current price: around 1.1660 – 1.1670

Structure: price has broken above a descending trendline and is holding above the Ichimoku cloud, suggesting a bullish continuation.

My chart shows two upward projection levels (target zones).

Target Levels (as marked on my chart)

1. First Target Point: ≈ 1.1740 – 1.1750
   → This corresponds to the first measured breakout target — a moderate move above the current resistance.

2. Second / Final Target Point: ≈ 1.1800 – 1.1820
   → This is the extended target from the larger breakout structure, aligning with prior highs and resistance on the left side of the chart.

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Summary

Element Level (Approx.)

Current Price 1.1660
Target 1 1.1740 – 1.1750
Target 2 1.1800 – 1.1820
Support / Stop-Loss (suggested) Below 1.1630 (below the cloud base)

This setup indicates a bullish bias as long as price remains above 1.1630, aiming first for 1.1750, and then 1.1820 if momentum continues.