π EUR/USD Price Action Update β May 12, 2025
πΉCurrent Price: 1.12300
πΉTimeframe: 1H
π Key Observation:
πΉPrice tapped demand zone and bounced, forming a potential higher low. A bullish structure shift may be developing.
β‘οΈScenario 1 β Bullish Continuation:
If price breaks and retests 1.12430 with strong 15M bullish confirmation, we could see upside momentum toward 1.12800β1.13000 in the coming sessions.
β οΈScenario 2 β False Breakout Risk:
Failure to sustain above 1.12430 could trap early buyers, possibly pushing price back into the demand zone around 1.1200 for re-test.
π FXFOREVER Insight:
β
Keep alert set at 1.12430
β
Look for M15 BOS and FVG fill to confirm entries
β
Ideal setup for NY session breakout traders
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