⬤ EUR/USD is grabbing attention again after a sharp rebound on the daily timeframe. The latest price action is raising a simple but critical question for traders: is this the time to buy or sell? The chart shows fresh bullish candles following a decline, with price climbing back toward levels that previously triggered reversals.
⬤ The pair had been sliding lower before finding support and flipping direction. Multiple consecutive green candles signal strong buying pressure after the pullback. What makes this bounce interesting is how it contrasts with earlier rallies that quickly fizzled out. The current move has recovered a big chunk of the previous drop, putting EUR/USD in a technically tricky spot.
⬤ Looking at the bigger picture on the daily chart, momentum is mixed. Previous highs are still sitting above current price, while earlier selloffs show that buyers haven't managed a clean breakout yet. The back-and-forth pattern between advances and dips highlights ongoing uncertainty, with neither side firmly in control based purely on the chart.
⬤ This matters beyond just EUR/USD because the pair often acts as a pulse check for global currency markets. When price hits visually significant chart levels like this, short-term volatility tends to pick up and trading activity increases. With the pair bouncing sharply but still stuck in a broader range, the next directional move will likely set the tone for near-term sentiment across major currencies.
