EUR/USD – 1H – BUY

A dense cluster of oversold-exit signals fired on the 1-hour EUR/USD chart at 18:00 UTC on June 24, 2026, triggered by the Balance of Power (BOP) Zero Cross Up, CCI, CMO, RSI, and Williams %R all exiting oversold territory, alongside a STOCH KD Cross Up and a Bullish Engulfing candlestick pattern. The indicator group signals a collective exhaustion of selling pressure, with the oscillator reversals confirming momentum has shifted from bearish to bullish at the micro level. The Bullish Engulfing pattern provides immediate price-action confirmation, suggesting buyers have absorbed the last wave of selling.

Despite this strong 1-hour reversal signal, the broader trend structure remains firmly bearish across all timeframes from 15 minutes through daily. The 1-hour, 2-hour, 4-hour, and daily trends are all rated as very strong or extremely strong bearish trends. This creates a high-probability countertrend setup: the 1-hour buy signal is firing against the dominant downtrend, which typically results in a corrective bounce rather than a trend reversal. The nearest resistance at 1.14388 is the critical level to watch, as it represents the immediate barrier for any bullish continuation. A failure to break this resistance would confirm the move as a bear-flag retracement within the larger downtrend.