Usman Salis
⬤ EUR/USD is holding a bullish bias on the four-hour chart after a powerful upward move. Price pushed decisively from below 1.1700 and is now consolidating around the mid-1.17 area. The H4 structure remains intact, with the pair trading above a key fair value gap that's been acting as support.
⬤ The chart shows a clearly marked H4 FVG zone that price respected during the rally. After breaking through this area, EUR/USD pulled back but stayed elevated without breaking the structure. Current price action is forming above 1.1730, showing consolidation rather than weakness. The next projected target sits near 1.17625.
⬤ Smaller candles following the initial impulse suggest volatility is cooling as buyers and sellers find temporary balance. Critically, there's no breakdown below the fair value gap, which keeps the bullish setup alive. As long as EUR/USD stays above this support zone, the upward structure holds.
⬤ This setup matters because it shows how higher-timeframe zones guide major currency pair direction. Holding above the highlighted support validates the H4 bullish bias, while a push toward 1.17625 would confirm continuation. Since EUR/USD heavily influences dollar sentiment, this short-term structure affects broader FX market positioning and intraday trading decisions globally.
Usman Salis
