FX.co ★ Konnect2fx | EUR/USD

Of course, here is the text converted into two new paragraphs written from a first-person perspective, expanding on the original ideas to create a more detailed and reflective analysis. I find myself contemplating the market's behavior as we transition into the weekend, a time I typically use to decompress and plan for the days ahead. I am genuinely relieved that the price action on Friday provided such clear signals; this means I won't be spending my Sunday evening or Monday morning racking my brain over ambiguous charts. I observe that the EUR/USD pair isn't just rising; it is gradually accelerating its ascent, which suggests to me that underlying momentum is building in a significant way. I am starting to form a strong opinion that we may not see a substantial decline next week, as the bearish pressure seems to be faltering. I am considering the possibility that a relatively shallow decline, perhaps to the 1.1616 level, might be all that is required to gather enough bullish energy to continue the upward trajectory from a new, higher base. I acknowledge that when I scrutinize the internal wave structure, it doesn't present a textbook-perfect impulsive pattern, which gives me a moment of pause. However, I am simultaneously impressed by the strength and conviction of the individual bullish candles, as their size and closing prices indicate strong buying pressure. I also take significant comfort in the fact that, despite the corrections, the price has steadfastly refused to break below the previous significant lows, which I interpret as a firm foundation of support that the sellers have been unable to crack

I must confess that my initial interpretation of the market was slightly off; I had a firm belief that the price would struggle to sustain a move above the 1.1640 level, viewing it as a formidable ceiling. I was proven wrong when a particularly strong and decisive candle surged through that level, a move that commanded my respect and forced me to re-evaluate my entire thesis. I see that this breakout was not a fluke, especially when I consider how the price behaved on the subsequent decline; it made a clear and structured correction, which is exactly what I would hope to see in a healthy uptrend—a pause that refreshes, rather than a reversal. I am now wrestling with the idea that this corrective move might need a bit more time to fully complete its pattern, perhaps forming a small, complex consolidation pattern like a bull flag or a triangle on the lower time frames. Therefore, after synthesizing all of this information—the failed resistance, the powerful breakout candle, and the orderly correction—I am developing a strong conviction about the pair's next major move. I firmly believe that the next significant leg of the EUR/USD pair will be a continuation of the bullish momentum, pushing purposefully towards and likely testing the achieved high near the more significant resistance level of 1.1652. I am preparing my strategy accordingly, looking for optimal entry points to join this presumed upward move once the current consolidation phase concludes.