EURUSD LongThe EURUSD (15M) chart currently shows a market recovering from a recent short-term downtrend, transitioning into what appears to be the early phase of a bullish reversal. The previous Break of Structure (BOS) at 1.1542 marked the completion of a bearish leg, while the most recent Change of Character (CHoCH) at 1.1608 suggests that sellers have lost control and buyers are beginning to reclaim dominance. This structural shift implies potential continuation to the upside, especially if price maintains higher lows above the 1.1550 area.
The demand zone between 1.1545–1.1565 is strong—buyers stepped in with clear strength, generating a decisive bullish impulse that broke through lower internal highs. The supply zone around 1.1600–1.1620, however, has already shown signs of partial mitigation and lacks the same aggression as before, which weakens its ability to hold on a retest. The higher supply cluster between 1.1645–1.1665 remains the more significant barrier where prior selling pressure initiated, and this is likely where the next major reaction may occur.
Within the current marked region, price has just bounced strongly from demand and is now testing a minor short-term supply area near 1.1585–1.1595. Price action suggests that buyers are building momentum but may require a small retracement before pushing higher. A shallow pullback into the 1.1565–1.1570 pocket could provide the energy needed for continuation toward the 1.1640–1.1660 zone.
The trade bias is bullish, with expectations of an upward continuation targeting the 1.1640–1.1660 region. The key invalidation level for this bullish outlook lies below 1.1540—a clean break beneath that would indicate a structural failure and likely shift control back to sellers.
Momentum currently favors buyers, as seen by strong impulsive candles and shallow retracements. No major macroeconomic catalysts are present at this time, meaning this move appears to be technically driven and likely fueled by liquidity collection from the recent lows.
In summary, EURUSD shows early bullish structure development with demand holding firm and momentum aligning with an upside continuation. A brief retracement could precede a push toward 1.1640+, provided price holds above 1.1540.
