EURUSD: Bullish Momentum Holds as Buyers Push HigherEURUSD is beginning to show a more convincing bullish profile on the H1 chart. Price is not simply bouncing from a single support level; it is maintaining an upward-sloping structure while repeatedly attracting demand on weakness. For me, that is the more important signal. As long as sellers cannot force the pair out of this structure, short-term corrections should be treated as part of the trend rather than evidence that the trend has ended.
The fundamental backdrop adds weight to that view. The euro is being supported by expectations surrounding ECB policy, while the U.S. dollar has struggled to establish sustained strength. The balance is not completely one-sided — elevated U.S. yields and incoming inflation data remain capable of reviving dollar demand — but for now there is no clear macro catalyst strong enough to invalidate the constructive EURUSD structure.
Technically, the pair continues to respect its rising price channel, and the 1.1620–1.1630 region has become particularly important. This area combines recent demand with the Ichimoku structure and sits close to the lower portion of the channel. Holding above it would keep the market positioned for another test of 1.1670, where the upper channel boundary could become the next meaningful obstacle.
What I like about this setup is that the bullish case does not depend on chasing price higher. There is a clearly defined area buyers need to defend and a logical upside objective if they succeed. A sustained break below 1.1620 would force me to reassess that view; until then, I continue to favor buying pullbacks rather than selling into an established rising structure.
The euro still has work to do, but at this stage the chart is giving buyers more reasons to stay patient than sellers have reasons to become aggressive.
Long
