EURUSD: Holding Above Trendline – Eyes on 1.1850EUR/USDOANDA:EURUSDLouisee_If I look at EURUSD as a pendulum that has just completed a sharp downward swing, the market is no longer moving in disorder. Instead, it is stabilizing with intent. After a series of decisive bearish BOS formations, price delivered a clear CHoCH around the 1.1760 area — a subtle but meaningful shift in structure. What stands out to me is not merely the bounce itself, but the absence of new lower lows. Sellers pushed aggressively before, yet now they are failing to extend control. That change in behavior matters. Rather than collapsing after the latest rejection near 1.1830, EURUSD is consolidating tightly above 1.1770–1.1780 while respecting a rising intraday trendline. This is not the type of distribution typically seen before another breakdown. It resembles accumulation — controlled, patient, and structurally constructive. Higher lows are forming, and volatility is compressing in a way that often precedes expansion. From a macro perspective, the broader backdrop is not providing strong support for USD strength. U.S. yields have softened slightly, and market expectations surrounding future Fed rate adjustments continue to limit aggressive dollar buying. At the same time, there has been no catalyst significant enough to trigger capital flight out of the euro. The result is balance — and in markets, balance after a strong decline often leads to corrective upside. Technically, I view the current pullback as a healthy pause within a developing recovery structure. The ascending trendline is acting as dynamic support. A controlled dip toward 1.1765–1.1775 to sweep liquidity and retest structure would not invalidate the bullish bias. On the contrary, such a move could serve as fuel for the next impulsive leg. As long as price holds above 1.1760 on the H1 timeframe, the path of least resistance remains upward. A decisive break above 1.1830 with strong momentum would open the door toward 1.1855–1.1865, where prior supply rests. This projection is not emotional optimism — it is the logical extension of a structure that is gradually transitioning from bearish control to bullish rotation. At this stage, fading strength carries higher risk than aligning with the developing structure. When a market stops making new lows and begins defending higher ground, it is often signaling that larger participants are positioning quietly beneath the surface. I will continue to monitor price behavior around the trendline closely. If the higher base continues to build, EURUSD may be preparing for a constructive upside expansion in the sessions ahead.