Overview
EUR/USD remains in a strong bullish trend across all timeframes, with the weekly and daily charts supporting further upside toward the 1.15–1.18 range. In the short term, consolidation is underway, and a clean break of 1.1500 could ignite another rally leg. However, short‑term pullbacks toward 1.1320 or even 1.1250 are possible as liquidity builds. Traders should monitor price action around key supply and demand zones for confirmation of trend continuation or reversal.
Trade With Our Partner
Unlock exclusive benefits and competitive rates by trading with Opofinance. Join today for seamless trading, expert support, and advanced tools designed to help you succeed.
Weekly Timeframe (1W)
On the weekly chart, EUR/USD has broken out of a multi-year downtrend and is currently trading near key resistance levels around 1.14–1.15. After forming a strong bottom in early 2023, price action reversed sharply and has established a series of higher highs and higher lows—confirming a bullish trend structure. The breakout above the 1.10–1.12 consolidation zone was significant and shows strong bullish momentum backed by increasing weekly candle ranges. However, the 1.15 level, which aligns with previous support from 2021, is acting as a supply zone. Sustained weekly closes above 1.15 could open the path toward 1.18 and possibly the 1.20 psychological level. Overall, the market sentiment remains bullish with room for further upside if macroeconomic fundamentals align.
Daily Timeframe (1D)
The daily EUR/USD chart continues to show a clean bullish trend characterized by higher swing highs and higher lows. After the breakout in April 2025 from the 1.09–1.10 range, price accelerated upward, breaching key resistance levels without major pullbacks. Recently, price has formed a bullish consolidation near the 1.14 area, potentially forming a continuation pattern such as a bullish flag. Volume and momentum indicators suggest sustained buying interest, though there is a minor divergence in recent price action that hints at temporary exhaustion. A break and hold above 1.15 would be a strong bullish confirmation, while a pullback toward 1.12 could provide a retest of the broken resistance turned support. Daily structure currently favors buyers unless a deep corrective phase emerges.
4-Hour Timeframe (4H)
On the 4-hour chart, EUR/USD has shown a textbook breakout–retest behavior. The market recently rallied aggressively from the 1.1050 area, with sharp bullish impulses followed by corrective pullbacks. Price is currently consolidating beneath short-term resistance near 1.1450–1.1500, forming a potential double top structure, which may attract short-term sellers. There is a visible demand zone between 1.1320–1.1350 where previous breakouts occurred. If the price revisits this zone, it could offer a potential bounce opportunity. Liquidity is building on both sides of the range, suggesting that a breakout could occur soon. A confirmed break above 1.1500 would invalidate the bearish setup and resume the bullish trend. Short‑term traders should watch for fakeouts and liquidity sweeps around these key levels.
