Nataly Kambur
⬤ EUR/USD hit a wall near 1.19 and has started pulling back after buyers couldn't push through. The pair ran into selling pressure at the top of its recent climb and is now retracing back into the ascending channel that's been guiding price movement over the past weeks.
⬤ The pullback looks pretty controlled so far. Price dropped back inside the channel formation and is now eyeing the 1.17330 SR-FLIP zone—an area that used to act as resistance before flipping to support. The projected move shows roughly a 0.92% decline from the recent highs, which points to a technical correction rather than anything more serious.
⬤ What happens at 1.17330 will be key. If the pair holds there and bounces, the broader uptrend stays alive. But if support breaks, we could see a deeper pullback unfold. For now, this looks like a normal pause after a strong run-up, with the market testing whether the bulls are still in control.
Nataly Kambur
