FX.co ★ berta.hill | EUR/USD

On the 4-hour chart, the #EURUSD pair ended the week with a significant move, confidently breaking above the upper boundary of the descending channel and establishing itself above the psychologically important level of 1.0800. This technical breakthrough should not be underestimated - it may indicate a serious attempt by the bulls to take control and form a new upward impulse after a period of bearish dominance. Technical indicators are gradually shifting, confirming a change in sentiment. RSI and MACD, as if awakening from hibernation, have started to turn upwards, although their signals have not yet reached maximum conviction. It is particularly noteworthy that this breakthrough coincided with a key level breach, which enhances the significance of the changes that have occurred. Key levels now look different. Support has shifted to 1.0731 - this level now becomes an important threshold, protecting the current bullish sentiment. Resistance at 1.0844 represents the next significant target for buyers. It is worth noting that with the current dynamics on the chart, an ascending channel may indeed begin to form, which would be an additional argument in favor of continued growth. Special attention should be paid to the start of the new week. If the breakout is confirmed and the price holds above 1.0800, this will pave the way for a test of resistance at 1.0844. However, it is important to consider that after such significant breakthroughs, corrective movements are possible - their depth and nature will help assess the true strength of the bulls. In any case, the current situation definitely deserves close attention as it may mark an important turning point in the pair's dynamics.