Since February, the EUR/USD currency pair has been in a strong and sustained uptrend, signaling a significant shift in market sentiment. What began as a recovery from the 1.02 level has quickly turned into a strong bullish movement, with the pair already reaching as high as 1.15 in just a matter of two months. This impressive rally marks a clear change in momentum, with price action showing classic bullish characteristics.
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What will we discuss
- Overall trend structure
- 4H Fair Value Gap
- Golden pocket fibonacci
- What to expect next?
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Overall trend structure
Over the past two months, the price action has maintained a clean and well-defined bullish structure. The consistent formation of higher highs and higher lows is a textbook sign of a strong uptrend. Each retracement has been shallow, with buyers stepping in above previous lows, and each rally has broken through key resistance zones, further confirming the prevailing bullish bias.
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4H Fair Value Gap (FVG)
During the latest move up to 1.15, EUR/USD formed a 4H FVG, just before a short-term rejection at the top. This unfilled imbalance now coincides with a key support area. Given this confluence, it’s highly likely that price could revisit this zone to partially or fully fill the gap. This would allow the market to rebalance, and potentially offer a strong foundation for another bullish leg.
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Golden pocket Fibonacci
Adding to the significance of this zone is the golden pocket Fibonacci retracement (0.618–0.65) from the latest upward swing, which lies between 1.14198–1.14274. This area happens to align perfectly with the midpoint of the 4H FVG, providing additional confluence and making it a major technical level to watch.
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What to expect next?
With both the 4H FVG and the golden pocket overlapping, the zone around 1.14198–1.14274 becomes a high-probability support area. Historically, the golden pocket is known to attract strong buying interest, and when coupled with the FVG, it strengthens the case for a bullish reaction. If price dips into this zone and finds support, it could mark the beginning of the next impulsive move higher, in line with the broader uptrend.
--------------------------------
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--------------------------------
What will we discuss
- Overall trend structure
- 4H Fair Value Gap
- Golden pocket fibonacci
- What to expect next?
--------------------------------
Overall trend structure
Over the past two months, the price action has maintained a clean and well-defined bullish structure. The consistent formation of higher highs and higher lows is a textbook sign of a strong uptrend. Each retracement has been shallow, with buyers stepping in above previous lows, and each rally has broken through key resistance zones, further confirming the prevailing bullish bias.
--------------------------------
4H Fair Value Gap (FVG)
During the latest move up to 1.15, EUR/USD formed a 4H FVG, just before a short-term rejection at the top. This unfilled imbalance now coincides with a key support area. Given this confluence, it’s highly likely that price could revisit this zone to partially or fully fill the gap. This would allow the market to rebalance, and potentially offer a strong foundation for another bullish leg.
--------------------------------
Golden pocket Fibonacci
Adding to the significance of this zone is the golden pocket Fibonacci retracement (0.618–0.65) from the latest upward swing, which lies between 1.14198–1.14274. This area happens to align perfectly with the midpoint of the 4H FVG, providing additional confluence and making it a major technical level to watch.
--------------------------------
What to expect next?
With both the 4H FVG and the golden pocket overlapping, the zone around 1.14198–1.14274 becomes a high-probability support area. Historically, the golden pocket is known to attract strong buying interest, and when coupled with the FVG, it strengthens the case for a bullish reaction. If price dips into this zone and finds support, it could mark the beginning of the next impulsive move higher, in line with the broader uptrend.
--------------------------------
Thanks for your support.
- Make sure to follow me so you don't miss out on the next analysis!
- Drop a like and leave a comment!
Trade closed: stop reached
It went straight to the 4h FVG and swept the lows
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Free discord trading community
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Free signals
t.me/codeandcandle
discord.gg/ctYsFQR4bx
Free signals
t.me/codeandcandle
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.