FX.co ★ amiron56 | EUR/USD

The weekly chart provides the macro view for EUR/USD, where the current price is trading at 1.16789. Across the visible timeframe, the pair has established a weekly high of 1.17195 and a major weekly low of 1.03020 during its earlier decline. Looking at the short-term H1 chart, the market displays an intraday daily high of 1.17100 and a daily low of 1.16740, with the price currently hovering near 1.16784. Following a multi-month period of consolidation near the 1.03020 floor, the market completed a bullish recovery structure, pushing well above its long-term weekly baseline. The price now consolidates just below key overhead resistance as institutional order flow absorbs current supply. This long-term accumulation structure laid the groundwork for the sustained upward momentum observed across lower timeframes. Zooming into the four-hour (H4) chart, the price action demonstrates a strong bullish expansion phase. Between mid-August and August 21, EUR/USD surged from the 1.15315 support level up to a peak near 1.17075. Following this vertical rally, the asset entered a tight consolidation range between 1.16720 and 1.17075. The market is holding solidly above previous resistance zones, turning them into dynamic support. This high-level sideways consolidation indicates that buyers are holding their positions rather than taking aggressive profits, which builds liquidity for a potential continuation higher. The structure suggests that institutional market participants are comfortable holding long exposure at these higher valuations.

The one-hour (H1) chart details the micro-structure surrounding the current pivot points. After reaching the local peak of 1.17100, price pulled back toward the 1.16740 area, where immediate intraday demand was discovered. The market is currently consolidating around key intraday pivot levels, with immediate pivot resistance resting at 1.17100 and key intraday support sitting near 1.16250–1.16500. The underlying short-term trend remains structurally bullish as long as price maintains acceptance above the 1.15910 structural swing floor. Traders monitoring short-term setups will note that intraday pullbacks into these pivot levels continue to attract buyers, maintaining the integrity of the immediate range. Overall market strength remains decisively bullish across all three timeframes, supported by strong moving average alignment and MACD momentum. On the H1 chart, the price is holding directly on top of the blue 50-period moving average (1.16860), while the red 200-period moving average sits far below at 1.15910, reflecting a textbook bullish stacked arrangement. On the weekly timeframe, the blue 50-week moving average (1.15620) has crossed far above the red 200-week moving average (1.10895), confirming long-term trend strength. Meanwhile, the H4 MACD histogram displays tall positive bars above the zero line, while the H1 MACD has contracted back toward zero (-0.000139) to reset indicator momentum. This combination of bullish moving average slopes and resetting MACD indicators confirms that the broader upward trend remains intact and ready to continue once consolidation finishes.