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EUR/USD Technical Analysis: The 240-minute candlestick chart shows that after stabilizing near 1.1541, EUR/USD experienced a rapid surge to 1.1727 before retreating from that high. However, it found buying support again at 1.1576, forming a higher low. The exchange rate has since steadily risen along an uptrend line dating back to late October. This line currently crosses roughly between 1.1576 and 1.1620, indicating that bulls are continuously raising their defenses. The exchange rate is currently trading above this uptrend line, indicating that bulls remain in control and have not yet been forced into panic stop-losses. From a structural perspective, 1.1620 represents a key near-term support level, corresponding to the high of the previous sideways consolidation band (static support) and coinciding with the extended upward trend line (dynamic support). A pullback to this area and the formation of a stabilizing candlestick pattern, such as a hammer candlestick or a bullish candlestick with a long lower shadow, would likely be viewed as a retest of the resistance level. Further down, 1.1576 and 1.1541 represent secondary and extreme support, respectively. The former represents the previous significant upward low, while the latter marks the starting point of the current rally, serving as a bullish baseline. Looking up, short-term resistance initially lies around 1.1667, a local high from the latest surge and a market-testing neckline. If 1.1667 is successfully broken and holds, upward momentum could target the previous high of 1.1727, with the potential to retest the higher high of 1.1758 to the left. In other words, 1.1667 is a classic resistance level, potentially converting into new support upon a break. Looking at indicators, the MACD (26, 12, 9) shows that the MACD line has re-crossed above the signal line, with the DIFF at approximately 0.0009 above the DEA at approximately 0.0005. The histogram is positive and expanding slightly, suggesting renewed bullish momentum, though a clear top divergence has not yet occurred. As long as the MACD does not fall back quickly and fall back below the zero axis, the probability of trend continuation is still favorable. The relative strength index RSI (14) is currently rising near 60, and there is still room to go to the traditional overbought zone (70), which usually means that the bulls still have room to advance. However, it also suggests that if the RSI approaches 70 but fails to break through 1.1727 at the same time, there may be a "kinetic energy divergence" in the form of a new high in price while the RSI is not too high, which will become the first yellow light signal for the bulls. Overall, the structure on the 240-minute chart is a standard rising channel: higher lows, a stage high that is being tested, and an oscillator that has not yet overheated. As long as the 1.1620-1.1650 area is not clearly broken through, this rising trend line will still dominate the market, and the exchange rate does not have the conditions to reverse into a downward trend.