EUR/USD Bullish Breakout Trade Setup – Targeting 1.18089

Entry Point: 1.13860

Stop Loss Zone: 1.13642 to 1.12578

Resistance Point: 1.14320

Target (TP) Point: 1.18089

🔍 Observations
Support Zone: Marked in purple near the entry and stop-loss area, suggesting a strong demand zone.

Resistance Zone: Around 1.14320, indicating a potential breakout level.

Trend: Short-term uptrend after a consolidation range.

Risk/Reward Ratio: Quite favorable, targeting a move of approximately 470+ pips (4.20% gain) from entry to target.

📊 Technical Indicators
Moving Averages:

Red (likely 20 EMA): Price recently crossed above, showing bullish momentum.

Blue (likely 50 or 200 EMA): Serving as dynamic support.

Price Action: Formation suggests a potential breakout from resistance toward the 1.18 target.

🧠 Conclusion
This is a long (buy) setup expecting a bullish breakout:

Buy entry above the support zone.

Stop-loss placed below major support (1.12578).

Target set significantly higher, aligning with prior structure or resistance at 1.18089