EURUSD remains structurally bullish on the 1H chart, with multiple Break of Structure (BOS) signals confirming that buyers are still controlling the broader trend. The current decline appears to be a corrective pullback rather than a confirmed reversal.
Price is consolidating around the 0.5–0.618 Fibonacci retracement area, creating a potential demand zone. The falling structure/wedge suggests selling momentum is being compressed, while the previous bullish impulse indicates that buyers may be preparing for another expansion.
A bullish rejection from the Fibonacci zone, followed by a break and hold above the falling trendline, would strengthen the buy setup. A successful breakout could bring the previous swing high into focus first, followed by the 1.1575–1.1580 area.
The FVG below the current structure also provides additional downside support. As long as price continues to respect the recent higher-low structure, the bullish bias remains valid.
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Trade with Patience. Profit with Discipline.
t.me/Profitpro666
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.