Peter Smith
⬤ EUR/USD keeps pushing higher within a well-defined bullish setup on the four-hour chart, showing a clear pattern of higher highs and higher lows. The pair is currently trading around 1.16596, sitting comfortably above several confirmed demand zones that have been supporting the uptrend. The overall H4 structure looks solid, backed by clean technical signals across the board.
⬤ The chart shows how the pair moved through consecutive break of structure confirmations while honoring earlier support levels. Fair value gaps around 1.1590 and 1.1610 previously acted as demand zones, while a newly formed H4 fair value gap near 1.1630 now offers a likely pullback target. An order block sitting below current price action adds weight to the idea of a brief dip into discounted levels before the upside continues. The projected path suggests a controlled pullback toward the H4 fair value gap, followed by a fresh move toward the 1.1670-1.1690 area.
⬤ The broader momentum stays aligned with the bullish view as multiple market structure shifts have validated the upward move. Consistent bounces from fair value gaps and order blocks show steady demand at lower levels. EUR/USD remains above previous break of structure zones, rejecting downside attempts and keeping its structural integrity intact. The expected recovery from the retracement level reinforces the continuation pattern that's been developing over recent sessions. Well-defined structural supports and recurring bullish signals often drive short-term sentiment in currency markets, giving traders a clear technical framework to work with as momentum, retracement depth and continuation potential play out within the broader trend.
Peter Smith
