On the M15 timeframe for EURUSD, the price has been consolidating between 1.1385 and 1.1400 since the last major low at 1.13853 (1783972800). The recent breakout above the consolidation high of 1.1400 occurred on the candle closing at 1.13961, marked by a strong bullish close with elevated volume (746) compared to prior consolidation phases. This suggests institutional buying pressure confirming the break. The immediate support at 1.13867 (SL) aligns with the lower boundary of the consolidation range, acting as a critical retracement level. Price action since the breakout has shown resilience, with multiple bounces near 1.1390-1.1395, indicating short-term bullish momentum.…

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