FX.co ★ EUR/USD

The chart shows EURUSD on the M5 timeframe with price action, moving averages, and a volume indicator. *Technical analysis (* The pair exhibits an initial bullish phase from 00:30 to ~04:30, forming a rising trend with higher highs and higher lows, supported by increasing volume (green bars) and a tight yellow moving average tracking the price. The momentum shifts around 06:30, where the price peaks and starts reversing, forming a bearish structure with lower highs and lower lows that continues till 10:30. The decline is accompanied by rising red volume bars, indicating selling pressure. *Volume:* Volume spikes near the early bullish move (around 02:30–04:30) confirm the strength of the uptrend. During the subsequent bearish phase, volume rises with downward candles, signalling distribution. The final bars near 10:30 show reduced volume, suggesting weakening momentum in the sell-off. *RSI (not shown on chart):* Assuming a typical RSI calculation, the early rise would likely have taken RSI into overbought territory (>70) near the peak at 06:30, prompting the reversal. The later decline would drive RSI toward oversold levels (