Insights 
VT 
The EURUSD has risen above a key swing area between 1.1663 and 1.1691, last seen from April to October 2021. This breakthrough led to a session high of 1.1744, the highest level since September 2021.
For continued upward momentum, the pair must stay above this breakout zone; failure to do so could lead to a reversal. The hourly chart shows strong support at the top of this newly broken area.
Zone As Support Level
Every dip since breaking out has remained above 1.1663 to 1.1691, establishing the zone as a support level. The most recent pullback held around 1.1691, supporting a positive outlook for further gains.
What the text above outlines is a move beyond an area where the EURUSD had previously struggled to push higher. This price zone—between 1.1663 and 1.1691—had acted like a ceiling for much of 2021, capping gains before turning prices back lower. Once that zone gave way during the recent session, traders quickly pushed higher to 1.1744, marking a new peak not seen since September that year.
Now, having moved past this range, it becomes a different type of reference point. Rather than a barrier ahead, it’s turned into something like a foundation underneath. If movements stay above that zone, it tells us that the strength behind the breakout remains intact. If not, and it slips back below, then this recent rally risks being undone.
We’ve noticed that in every case—since the breakout happened—any dips were short-lived and found footing within the 1.1663 to 1.1691 band. That behaviour is telling. It suggests confidence underneath and a willingness to support from buyers who are not yet ready to let go of the move.
Key Structural Areas
Looking slightly forward into the sessions ahead, deeper pullbacks that hesitate around 1.1690 would offer the clearest signs that buyers remain committed. If price spends more time consolidating just above there, then it sets up for cleaner entries with risk better defined just below the band. In contrast, swift drops right back through it would make it harder to argue for continuation without fresh drivers.
We should watch for price action that respects prior structure. When trading based on such levels, it’s not about drawing arbitrary lines, but about reading whether the market is still listening to the same signals. What Price has said so far—holding above that range—is that bullish memory remains strong.
The hourly chart plays a useful role here. Zooming in, the behaviour around each brief dip tells us whether appetite is thinning or if it’s just a pause. If candles begin to stretch lower and holders stop stepping in near 1.1690, then we’d need to admit the risk is pointing down again.
When dealing with derivatives tied to this pair, our thinking needs to remain clear. Respect for key structural areas—like this band—means we’re not trading noise. Entries that lean on confirmed zones make more sense than chasing outside them. So over the coming sessions, monitor closely how price behaves near this base.
Prepare to adapt quickly. Market memory can shift without warning, but while this zone remains defended, the bias is clear. Let price behaviour act as the decision-maker rather than forcing a view.
