EURUSD pushed sharply higher, with buyers taking clear control and driving price upward with strong momentum.
After that impulsive move, price began to pull back inside a small descending channel. This looks like a bullish flag rather than a reversal. Sellers are trying to bring the pair lower, but the pullback remains controlled and each dip is being absorbed.
Buyers are now waiting for a clear break above the upper boundary of the flag. A strong breakout would confirm that the correction is over and that bullish momentum is ready to return.
I expect the next move higher to reach the 1.1750 area.
This is only a market idea, not financial advice.