FX.co ★ 91king | EUR/USD

The chart shows a strong bullish intraday structure with price maintaining higher highs and higher lows after recovering from the earlier bearish correction phase. Buyers regained control near the dynamic support zone around the lower moving averages, and the market started forming impulsive bullish candles with increasing momentum. The red moving average is positioned above the green and blue long-term averages, confirming short-term bullish continuation. Price also remains above the major trend line represented by the blue moving average, which suggests that the broader trend is still positive despite the latest pullback. Volume activity increased during the bullish expansion, indicating genuine buying pressure rather than weak speculative movement. However, the recent candles on the right side of the chart reveal temporary exhaustion after multiple rejection signals appeared near the local resistance zone. Several bearish markers formed at the highs, followed by sharp rejection candles, showing that sellers are attempting to create a short-term correction. Even with this decline, the price is still trading near the moving average channel, meaning the bullish structure has not fully broken yet. If buyers defend the current support area and price closes back above the red moving average, another upward continuation toward the recent swing high is likely. On the other hand, a clean breakdown below the channel support and the green moving average could trigger deeper bearish retracement toward the blue long-term average. Momentum indicators implied by candle behavior currently favor cautious bullish continuation, but traders should monitor volatility closely because rejection candles and rising sell volume suggest profit-taking pressure is increasing. Overall, the market remains bullish on the higher structure, while the short-term outlook has shifted into a corrective consolidation phase before the next decisive directional move develops. Traders should wait for confirmation through stronger candle closes and sustained volume before entering positions. A breakout above resistance would strengthen bullish momentum, while weakness below support could encourage sellers to dominate the trading sessions.

The H1 chart structure shows a strong bullish trend that remained intact for most of the session before entering a short-term corrective phase near the latest candles. Price action formed a consistent sequence of higher highs and higher lows, confirming buyer control throughout the upward movement. The market respected the dynamic support zone around the mid moving average band several times, which acted as a trend continuation area during pullbacks. Momentum accelerated sharply after the consolidation phase in the middle of the chart, where multiple bullish candles pushed price above previous resistance with rising volume, signaling aggressive buying interest. The red moving average crossed above the longer-term averages earlier in the trend and continues to slope upward, reflecting sustained bullish momentum despite the recent retracement. However, the latest candles show increasing bearish pressure after rejection from the local high area. Large bearish candles near the right side of the chart indicate profit-taking and short-term seller participation. Volume also increased during the decline, suggesting that the correction carries some strength rather than being a weak pullback. Even so, price is still trading above the major long-term moving averages, meaning the broader H1 trend remains bullish unless deeper support levels break decisively. The nearest support zone is located around the recent swing low and the green moving average area, where buyers may attempt to stabilize price again. If bulls defend this region successfully, the market could resume its upward trajectory and retest the recent highs. On the other hand, a confirmed break below the support cluster would expose the pair to a larger correction toward the blue long-term moving average. Overall, the technical outlook remains cautiously bullish in the medium term, but short-term momentum currently favors consolidation or a temporary bearish pullback before the next directional move develops further on the H1 timeframe.