EUR/USD Technical analysis. The EUR/USD pair has been witnessing strong volatility over the past few days, with clear selling pressure pushing the price towards key support, followed by strong rebound signals at the start of the US session. This movement reflects the market’s sensitivity to recent economic news and geopolitical tensions that drive liquidity flows.
EUR/USD Analysis: Technical Overview
The price is currently trading near the 1.1268 level after an upward rebound from the 1.1225 area, reflecting the presence of active support. The price is moving within a short-term upward range within a positive channel, with the short-term moving averages remaining above the price on the short-frame timeframe, indicating a possible continuation of the upward correction.
Technical Indicators Analysis:
MACD: Shows A positive crossover is emerging with the histogram rising above the zero line, reinforcing the uptrend.
Stochastic: It is trading near overbought areas but has not yet given a reversal signal.
Moving Averages: The price is above the 50-day SMA, reinforcing the short-term bullish scenario.
Expected Scenarios for the EUR/USD
Positive Scenario:
If the price stabilizes above 1.1245, the possibility of a rise to the following levels remains:
- 1.1268
- 1.1281
Probably remains, provided the price remains stable and 1.1220 is not broken.
Negative Scenario:
If the price returns below 1.1225, we may see selling pressure pushing the pair towards the following levels:
- 1.1205
- 1.1185, returning to the downward trend in the short term.
Returning to the downward trend in the short term.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | EURUSD |
| 1.12818 | 1.12562 | Entry point |
| First resistance: 1.13190 | First support: 1.12259 | Target Point 1 (TP1) |
| Second resistance: 1.13490 | Second support: 1.11959 | Target Point 2 (TP2) |
| 1.12562 | 1.12818 | Stop Loss (SL) |
The EUR/USD pair is showing bullish technical signals in the short term after a successful rebound from a strong support area. With US and European data awaited, traders should monitor a break or breach of the aforementioned pivot levels to confirm the upcoming trend, while managing risk and adhering to clear stop-loss limits.
Economic News Impacting EUR/USD This Week
- Eurozone Consumer Price Index (CPI)
- US Retail Sales
- Michigan Consumer Confidence Index
These data could reshape the trend, especially if they support the dollar’s strength.
