On the 1-hour chart of EURUSD, the market has entered a corrective and consolidative phase following a strong bullish move. After liquidity was taken from the lows, price surged upward with a powerful impulse toward a key supply zone. However, the inability to sustain acceptance above this area suggests that selling pressure remains active at higher levels.
Currently, the EURUSD price is consolidating within a mid-range zone that aligns with a Fair Value Gap (FVG) and the market’s equilibrium area. This region acts as a critical decision zone: holding above it may lead to further consolidation or a renewed push toward the highs, while a breakdown below it would increase the probability of a deeper pullback toward lower support zones.
From a broader perspective, there is still no clear indication of a major trend reversal, and the current price action can be interpreted as a corrective phase within a larger bullish structure. Price reaction around the demand zone highlighted at the lower part of the chart will be crucial in determining the next directional move. As long as these support levels remain intact, the market bias can be considered neutral to slightly bullish; however, losing them would increase the risk of continued selling pressure.
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