EUR/USD Hits 1.1516 Target, Pullback Expected

● Trader Kodak confirmed that EUR/USD hit his 1.15163 target, completing a bearish trade idea he's been following for more than a year and a half. Known for his patient approach to market direction, he said the move proves his euro-dollar outlook was on track.

● Looking at his chart, the pair has been dropping steadily, breaking through several support levels on its way down to 1.1516. Each move followed the technical script, respecting old resistance zones and key price areas. The target hit shows sellers have been in control.

● Now Kodak expects a short-term bounce back toward 1.1570, where resistance sits on the chart. But he's not married to the idea. "If it doesn't pull back, so be it," he said, showing he's confident in the bigger picture but realistic about how forex markets can move.

● His approach has worked well for followers. "My inbox is full of people who made great trades using the same framework," he noted. He blends long-term direction with smart entry timing, mixing conviction with discipline.

● EUR/USD keeps reacting to dollar strength fueled by U.S. economic data and expectations around tighter monetary policy. The euro's under pressure, and any bounce could give sellers another shot if resistance holds.

● With the 1.1516 target reached and momentum settling, traders are watching to see if that bounce to 1.1570 happens — or if the pair just keeps sliding toward 1.14.