EUR/USD Technical Analysis: Bullish Momentum Strengthens, A Golden Opportunity Ahead of the New York Session?

TradeHub Technical Market Insights

EUR/USD Trend & Market Structure Analysis

Editor-in-Chief & Head of Technical Analysis: Davina Tan | Published: July 16, 2026
Instrument
EUR/USD
Position Bias
BUY (Bullish)
Confidence Score
80% (4/5 Confirmations)
Estimated Hold
12 - 48 Hours

Market Structure & Sentiment Analysis

Based on the visual analysis of the H1 and H4 charts, the EUR/USD currency pair is currently building a solid upward price structure through the formation of a new higher price staircase (Higher Highs and Higher Lows). Market action shows strong buyer dominance after successfully breaking through its main dynamic defense zone.

The high-probability scenario technically is to capitalize on a temporary price decline (a healthy pullback or correction) towards the price accumulation area before it continues its upward journey toward the nearest major resistance target.

Technical Indicator Synthesis

  • Trend Baseline โ€” SMA 50 (Blue Line)
    The price is currently holding strong above the 50-period moving average line. This indicates that the short to medium-term primary trend is in a healthy upward condition (Uptrend).
  • Momentum Speed โ€” EMA 8 (Red) & EMA 24 (Green)
    The fast exponential moving average (EMA 8) has crossed above the slow line (EMA 24) and continues to widen its gap. This signals that the speed of the market's buying thrust is experiencing a significant increase.
  • Trend Strength โ€” RSI 14
    Hovering at values between 61.88 and 63.31. This position confirms buying strength without being in the overbought zone, providing ideal headroom for further price increases.

Trading Scenario Plan

The applied trading style is non-scalping (Intraday/Swing) to minimize the risk of random market volatility.

Order Type
Buy Limit
Entry Zone (Buy)
1.14450 - 1.14650
Take Profit (Target)
1.15200
Stop Loss (Risk Limit)
1.13900
Best Monitoring Time
15:00 - 19:30 WIB

Scenario Invalidation Conditions

This trading scenario will automatically be declared Invalid if the price movement breaks below and closes consistently below the 1.13900 level on the 4-hour chart (H4).

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Legal Disclaimer: All market analysis presented in this document is purely educational and is intended as a learning reference for macro and technical financial information. This document does not in any way contain or intend to serve as a form of investment recommendation, direct financial advice, or an invitation to open specific trading positions. Financial markets carry a high risk of loss and cannot be predicted with absolute certainty. Always manage your financial risk independently and wisely by consulting with a formally licensed financial advisor before making any trading decisions.