Alex von Stachelkopf
⬤ EUR/USD is trading under short-term selling pressure even though the bigger picture looks bullish. The price pushed higher sharply but has since pulled back and settled near recent highs without breaking through. The broader trend favors buyers, but the current setup doesn't offer a clean opportunity to jump in just yet.
⬤ After a strong rally, the pair lost steam and entered a correction phase. Recent price action shows hesitation—lower highs and mixed signals point to sellers still being active. The bullish momentum that drove the earlier move has clearly paused, and the structure needed for a fresh wave of buying interest hasn't formed."
⬤ Price movement near the recent peak has been choppy with no clear signs of demand returning. Without a defined continuation pattern, it's a waiting game for traders looking to go long. As long as EUR/USD stays below its recent highs, selling pressure will likely keep the pair either consolidating or drifting lower instead of resuming its uptrend.
⬤ This matters because EUR/USD often reflects shifts in broader currency sentiment and risk appetite. When bullish expectations aren't backed by price confirmation, markets tend to get stuck in ranges with choppy, volatile trading. How the pair resolves this consolidation will set the tone for what comes next and reveal when momentum finally aligns with that bigger bullish bias.
Alex von Stachelkopf
