EUR/USD - Bullish Bias with Key Levels to Watch

🔍 Market Overview
The EUR/USD pair is showing bullish momentum after bouncing from key support at 1.04520 - 1.04720. Price action across multiple timeframes suggests an upward push if it sustains above these levels.

Short-Term (15m Chart): Recovering from a local low at 1.04589, showing initial signs of strength.
Mid-Term (1H Chart): Price holding above key moving averages, forming a higher low pattern.
Long-Term (4H Chart): Bounced from support, aiming for higher resistance at 1.05308 - 1.05692.
📌 Trade Setup - Bullish Bias
🔵 Buy Trade (Preferred Setup)
Entry: 1.04750 - 1.04800 ✅
Take Profit 1 (TP1): 1.04923
Take Profit 2 (TP2): 1.05308
Take Profit 3 (TP3): 1.05692
Stop-Loss (SL): Below 1.04520
🔹 Reasoning:
✅ Price is bouncing off strong support levels.
✅ Moving averages indicate bullish continuation.
✅ Risk-to-reward ratio is favorable (3:1 if TP2 is hit).

🔴 Sell Setup (Only If Breakdown Happens)
Entry: If price breaks below 1.04520 ❌
Take Profit 1 (TP1): 1.04022
Take Profit 2 (TP2): 1.03725
Stop-Loss (SL): Above 1.04923
🔹 Confirmation for Bears:

If price fails to hold 1.04720, a break below 1.04520 could trigger selling pressure.
Bearish move would target 1.04022 as first downside level.
📈 Final Thoughts
✅ Bullish bias is strong unless price drops below 1.04520.
📌 Key Resistance Levels: 1.04923 → 1.05308 → 1.05692
📌 Key Support Levels: 1.04520 → 1.04022 → 1.03725

🚀 Primary trade: BUY above 1.04750, targeting 1.05308 - 1.05692.
⚠️ Bearish case: Only if price breaks 1.04520, then short toward 1.04022.

📊 Let’s see how this plays out! 🔥 Comment below your thoughts! 👇