Saad Ullah
The EUR/USD pair is consolidating near a crucial order block on the 4H chart, with a close above resistance potentially paving the way for a move toward all-time highs. Recent price action suggests building momentum as buyers absorb selling pressure.
Strong 4H Momentum Builds
The euro is showing renewed strength against the U.S. dollar after bouncing from short-term support zones. On the 4H chart, EUR/USD is pressing against a major order block resistance. According to trader SIRRILLAH, a confirmed body close above this level would validate the bullish scenario and open the path to higher targets.
Recent tests of support and a rebound from the highlighted fair value gap confirm that buyers have been steadily absorbing sell-side liquidity, setting the stage for continuation. The chart reveals several important structures: trend structure showing higher lows signals increasing bullish pressure, fair value gap where price filled inefficiencies and bounced strongly reinforcing momentum, break of structure confirming a market shift to bullish bias, and the order block marked by the black line as key resistance where a close above would likely trigger further upside. The dotted projection suggests consolidation followed by a push toward the all-time high.
Macro Backdrop Strengthens Euro
From a fundamental perspective, recent softer U.S. inflation data and speculation of a more dovish Federal Reserve weigh on the dollar. Meanwhile, stabilizing eurozone economic indicators have provided support for the single currency. This combination of technical and macro drivers strengthens the bullish case for the euro.
Watching for a Confirmed Break
EUR/USD sits at a pivotal technical level. If price can secure a 4H close above the order block, bullish continuation toward higher resistance zones and potentially the all-time high becomes increasingly likely. However, failure to break through could bring the pair back to test the fair value gap support region. Traders should monitor the coming sessions closely as momentum builds around this critical breakout level.
Saad Ullah
