EURUSD — Daily Structural Update

 Measured Move Achieved | Consolidation Above Support

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🔍 Overview

EURUSD has completed its minimum measured move, with price reaching the 100% extension at 1.1917. This satisfies the structural requirement of the prior advance. Price is now consolidating, forming a triangle-type pause within the broader bullish structure.

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🧩 Structure Position

• 100% target (1.1917): Achieved

• Price is holding above triangle support

• Consolidation appears corrective, not distributive

• No structural damage observed at this stage

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🌐 Market Context

After an impulsive advance, the market is transitioning into a pause-and-balance phase. Such behaviour typically reflects acceptance above prior breakout levels, rather than exhaustion. This keeps the higher-degree structure intact.

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🎯 Key Zones & Levels

• Upside extension (optional):

  • 123.6% → 1.2328 (possible, not mandatory)

• Structural support:

  • 61.8% → 1.1252

• Triangle support continues to act as a near-term holding zone

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📈 Expected Behaviour

• Holding above triangle support + 61.8% keeps the trend constructive

• Price may continue to coil before resolution

• Extension higher requires continuation behaviour, not just time-based drift

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⚠️ Invalidation / Risk Levels

• A decisive break below 1.1252 (61.8%) would signal:

  • Deeper corrective development

  • Temporary suspension of bullish continuation expectations

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🧠 Conclusion

The market has already fulfilled its minimum objective and is now consolidating in a structurally healthy manner. While a move toward 1.2328 remains possible, it is not a requirement. The bullish framework remains valid as long as price holds above 1.1252.

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This analysis is based purely on market structure and price behaviour, not prediction.

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https://www.tradingview.com/chart/EURUSD/rxDhDgYu-EURUSD-Daily-Structural-Update/

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