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$EU bulls just caught a break. Traders who jumped on that engulfing setup at support didn't get faked out—price actually stuck the landing, holding both the 50 and 200 EMA through the breakout. That's textbook follow-through. From a psych angle, what we saw was seller exhaustion written all over that candle. The rejection at support, the reversal pattern, the smooth holds on key moving averages—it all paints the same picture: demand is pushing back hard, and supply's running thin.