EURUSD LongEuro/US DollarFX:EURUSDProSignalaiThe EURUSD 15-minute chart shows that the broader market structure was previously in a clear downtrend with successive lower lows and lower highs, but recently price has broken structure at 1.1702, confirming a BOS to the upside. This shift suggests that bearish momentum has weakened, and buyers are attempting to reclaim control, opening the possibility of a reversal higher if demand levels continue to hold. Looking at supply and demand dynamics, the nearest demand zone sits just below current price around 1.1645–1.1655, where buyers recently stepped in with strength to create an impulsive rally, showing that liquidity remains present here. Above, the first supply zone rests near 1.1675–1.1690, a level where sellers previously drove price down aggressively. A stronger supply zone sits higher around 1.1720–1.1740, where price last sold off sharply, and this will act as the main resistance cap if buyers push higher. Within the marked region, price is currently sitting at demand, consolidating after a retracement from the mid-supply zone. The reaction here will be critical: if buyers defend this demand, the likely outcome is a bounce toward 1.1690 first, then an extension into 1.1720. However, if this demand zone breaks decisively, sellers could drive price back down toward 1.1625, invalidating the bullish setup. Trade bias: Bullish Expected direction: Bounce higher from demand into 1.1690, then potentially 1.1720 Invalidation level: A clean close below 1.1640 would turn the outlook bearish and expose 1.1620 support Momentum condition: Currently neutral-to-bullish, with retracement candles showing controlled selling rather than aggressive momentum Price behavior: Small-bodied candles at demand suggest buyers are absorbing sell pressure rather than capitulating