Holding Firm at Higher Levels, H4 Structure Remains Intact
Hello everyone,
On the H4 chart, EURUSD has delivered a clear expansion from the 1.155 area up toward 1.180. After this advance, price did not reverse sharply lower but instead shifted into a sideways consolidation, holding above the key EMA levels. This behavior suggests that current selling pressure is not strong enough to disrupt the short-term bullish structure.
During this consolidation phase, there are no signs of a structural breakdown or meaningful distribution. Pullbacks have been orderly, with narrow ranges and quick absorption, indicating that buyers are still holding positions rather than actively exiting the market.
Overall, the current price action looks more like post-rally consolidation than a weak rebound within a downtrend. As long as price remains above the EMAs, the H4 uptrend is preserved, while the market likely needs more time to rebalance supply and demand before defining its next directional move.
Wishing you all effective and successful trading!