EURUSD Bulls Eye 1.16050 for Fresh Bounce

[lingriiddd]

Hey Traders, in today’s trading session we are monitoring EURUSD for a potential buying opportunity around the 1.16050 zone.
The pair remains in a broader uptrend and is currently in a correction phase, approaching a key support and resistance area at 1.16050.

Structurally, EURUSD has been forming higher highs and higher lows, suggesting that the current retracement could offer another continuation setup within the bullish leg.

Next move: Watching how price reacts near 1.16050 — if bullish momentum builds from this area, we could see a renewed push toward recent highs.

[kelson10]

1.16050 looks like a strong pivot area — bulls defending it aggressively. Let’s see if momentum sustains.

[alex10]

Good setup forming. A clean break above 1.1610 could trigger short-term upside continuation.