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EUR/USD chart on the weekly time frame

The EUR/USD pair has been trading within a defined bearish trendline since July.  

Recently, however, the price action has developed two technically significant bullish divergences 
that suggest a potential trend reversal and an imminent breakout above the prevailing trendline. 

The primary signal is a higher low established in August. This is corroborated by the formation 
of three consecutive weekly candles with pronounced lower shadows, indicating sustained buying pressure and successful defense of the key support zone between 1.1570-1.1580. 

These bullish price action signals, combined with an expansion in buying volume last week, 
increase the probability of an upside breach of the bearish trendline.

A confirmed break above the 1.1760 resistance level would invalidate the current bearish structure and open a projected initial upside target at 1.1900, with a secondary extension objective at 1.2100.

From a risk-management perspective, a strategic long position can be accumulated at current levels 
and augmented on a break above 1.1760, with a stop-loss order placed below critical support at 
1.1560 to define the trade's risk parameters.