EUR/USD Price Analysis: Bulls seek a breakout for fresh hourly highs

• EUR/USD bulls are taking on the 15-min resistance.
• Fresh impulsive highs could be on the cards for the day ahead. 

EUR/USD is on the verge of a break higher as it continues on the momentum iofthe aftermath of the Federal Reserve meeting on Wednesday. The following illustrates the recent price action from both an hourly and shorter-term time, showing market structure and perspective trajectory in price. 

EUR/USD H1 chart

The price ran to a 38.2% Fibonacci correction level from where the bulls engaged and intend on taking the price on for a higher high. 

EUR/USD 15-min chart

From a 15-minute perspective, the price is running into what could be resistance and for which might force the bulls back a notch. If the bulls commit, however, at the prior resistance that would be expected to act as a support, then there will be prospects of r a surge higher in the coming hours.