EURUSD Compressing Above Demand - Next Move Incoming

Feb 12

Hello traders! Here’s my technical outlook on EURUSD (2H) based on the current chart structure. The pair is trading within a broader bullish environment, supported by a clearly defined rising support line that has guided price higher over time. Earlier in the move, EURUSD entered a consolidation phase, forming a clean range where buyers and sellers were temporarily balanced. This range acted as an accumulation zone before a strong impulsive breakout to the upside, confirming buyer dominance and continuation of the bullish trend. Following the breakout, price accelerated aggressively and pushed into the Seller Zone / Resistance area around 1.1930, where selling pressure increased significantly. This led to a corrective pullback, as sellers defended the resistance and price retraced lower. However, the decline found support at the Buyer Zone near 1.1850, which also aligns with the broader support level and rising structure. This reaction signaled that buyers were still active and willing to defend demand, preventing a deeper breakdown and maintaining the overall bullish structure. Currently, EURUSD is consolidating above the Buyer Zone and holding above the key support level, while respecting the rising channel structure. Price action shows compression just above support, suggesting absorption of selling pressure rather than distribution. Multiple breakout attempts from this area indicate that buyers are gradually regaining control, while sellers are struggling to push price decisively below demand. This type of consolidation after a corrective move often precedes another impulsive leg higher. My primary scenario favors bullish continuation, as long as EURUSD holds above the 1.1850 Buyer Zone and continues to respect the ascending support line. A confirmed breakout and acceptance above the current consolidation would open the path toward the 1.1930 Resistance / Seller Zone (TP1), where sellers may attempt to react again. A clean breakout above this resistance would further strengthen the bullish case and signal continuation of the broader uptrend. On the other hand, a decisive breakdown below the Buyer Zone and loss of structural support would invalidate the bullish setup and shift focus toward a deeper corrective phase. For now, structure, trend, and price behavior continue to favor buyers. Please share this idea with your friends and click Boost 🚀

Feb 13

Trade active

The Euro is under pressure and the price is freezing before the next move. So let's not rush.

Feb 15

Note

The correction in the euro continues for now, but the support level prevents it from falling below.

Feb 16

Trade closed manually

The euro continues to hover around the support level with no signs of recovery yet.