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EUR/USD Technical Analysis: The Bullish Run Isn't Over Yet! In my view, the current bullish trend for EUR/USD hasn’t reached its full potential yet. What we’ve seen recently is likely just a correction, not a reversal. I'm convinced the ABC correction is simply part of a larger ongoing uptrend that still has room to grow. The recent ABC pattern looks like a classic corrective move within a broader bullish wave. This is pretty typical in wave theory — a market moves strongly in one direction, pauses with a correction, and then continues its journey. The ABC waves did their thing, but they don’t seem to mark the end of the upward move. Right now, we’re seeing a slight upward movement, which I assume is Wave 1 of a new bullish impulse. Based on the momentum and current price action, this initial wave seems to be forming nicely, with some decent support from technical indicators. If this assumption holds, we should expect a minor Wave 2 correction — nothing too dramatic, just a healthy pullback. Typically, Wave 2 retraces about 50% to 61.8% of Wave 1, which often provides a great entry point if the bullish trend continues. When I look at momentum indicators like the RSI and MACD, I see positive signs. The RSI isn't overbought yet, and the MACD is starting to curve up. All this suggests we might be in the early stages of a fresh bullish impulse, even if we get a short dip. What’s even more exciting is the fact that EUR/USD is approaching the upper boundary of a downward channel it’s been stuck in during the correction phase. A confirmed breakout above this channel would be a strong signal — potentially the confirmation we need that the bulls are ready to take control again. A breakout above the channel resistance, especially with high volume, would serve as a major confirmation of my idea. It would suggest that the correction is over and a new impulsive bullish wave is in progress. In that case, bulls could have a fantastic opportunity ahead — but the key is not to rush. It’s all about patience and waiting for the right confirmation. Jumping in too early might be risky, especially if Wave 2 isn’t finished yet.

EUR/USD Technical Analysis H-4 Chart Hello, Lesha! Not everything is as simple as we would like. They do not want to give a normal layout for trading. Again, they are painting a picture of confusion. Waiting for a rollback for more profitable sales, in the end they missed the growth. And now it is still unclear whether this will be a rollback or after several zigzags the pair will continue to develop a northern movement? I am currently watching the range of 1.1260-1.1290, which is the key between north and south. And consolidation above it can provoke the resumption of the northern movement. Well, while the price is trading below the announced zone, I am guided by the boundaries of the range formed by the trend (ascending and descending). It turns out to be a narrowing. We are trading it in. Then, leaving it will give us a direction in which we will continue trading. EURUSD:

Moreover, in my opinion, it will be more technical and beautiful to first break through the lower boundary of the new range and then the upper one. Thus, we will get a stop of the short-term south. But I am getting ahead of myself too early. It is better to wait for the Europeans and see where they "sharpen their skis." Maybe they will simply drive the figure down the trend. In general, I am drawing the arrow down for now.