EURUSD: Impulse Recovery — Now Testing Structural AcceptanceThe daily structure in EURUSD has shifted from prolonged compression to directional expansion.
After a multi-month basing process, price broke higher and established a series of higher highs and higher lows, reclaiming the rising 50-day moving average.
Recent observations:
• Strong impulsive expansion through prior range highs
• Moving average turning upward
• Pullbacks holding above structural midpoints
• No immediate momentum failure yet
However, the current pullback phase deserves attention.
Price is now retracing toward the rising 50 SMA after a vertical impulse. The key question is not prediction, but acceptance:
Does price consolidate above the moving average and re-accelerate?
Or does the pullback deepen and compress structure back into range behavior?
Structurally:
Above 50 SMA → constructive continuation bias
Loss of 50 SMA with expanding downside range → structural tone shifts
For now, this remains an impulse-with-pullback structure, not a confirmed reversal.
Informational analysis. Not investment advice.
