EUR/USD Intraday Technical Analysis – September 23, 2025 (H1)EUR/USDOANDA:EURUSDHenrybillionThe EUR/USD pair is showing a potential bullish reversal on the hourly chart. After a strong downtrend from September 17 to 20, price broke above the descending trendline, signaling early bullish momentum. The pair is currently retracing slightly from point (A) towards (B), likely preparing for the next leg upward towards (C). Key Technical Observations: Trendline Breakout: The pair successfully broke the descending trendline, confirming a potential shift from short-term bearish to bullish momentum. Wave Structure (ABC Correction): Wave (A): Initial push after trendline breakout. Wave (B): Minor retracement, a potential buy opportunity near the 1.1780–1.1800 support zone. Wave (C): Expected bullish continuation towards the 1.1900 area. Support & Resistance Levels: Immediate support: 1.1780–1.1800 (Fibonacci retracement of recent upmove and previous swing low). Key resistance: 1.1840–1.1860 (recent highs and psychological barrier). Major target: 1.1900 if bullish momentum sustains. Indicators & Momentum: RSI on H1 is approaching overbought territory; a small pullback is natural before continuation. EMA 20/50 cross confirms short-term bullish trend. Intraday Trading Strategy: Bullish Scenario: Enter long positions on pullbacks near 1.1780–1.1800, targeting 1.1840–1.1860 as the first profit zone and 1.1900 for extended targets. Stop-loss below 1.1760 to manage risk. Bearish Scenario: If price fails to hold above 1.1780, short-term sellers may aim for 1.1740–1.1720. Summary: EUR/USD is in a bullish correction phase on the hourly chart. Traders can anticipate a retracement to (B) before continuation to (C). Following support/resistance levels and monitoring RSI/EMA signals can provide high-probability intraday setups. Remember to follow updates for the next wave (C) confirmation and adjust stop-loss levels as volatility develops.