The euro experienced a strong upward trend, supported by:
Statements from European Central Bank officials indicating adherence to current monetary policy
Better-than-expected German industrial production data
Conversely, US CPI inflation data met expectations, temporarily dampening the dollar’s strength
This balance between monetary policy and economic dynamics has made the 1.1330 level a critical pivotal point in the market at the moment.
Technical Indicator Analysis
Moving Averages
The price is above the 50, 100, and 200 moving averages.
The positive order of the moving averages remains intact.
MACD
The convergence of the two lines indicates a possible correction or weakening of the trend
Stochastic
Moving in a mid-range between 50 and 60.
No signs of overbought conditions or a reversal at the moment
Possible Scenarios
Bullish Scenario
A break of 1.1355 opens the way to 1.1380 – 1.1410.
Provided that the price remains above 1.1304.
Bearish Scenario
A break of 1.1304 will re-pressure the pair towards 1.1281.
A break of 1.1260 will temporarily disrupt the upward momentum
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | EURUSD |
| 1.13536 | 1.13047 | Entry point |
| First resistance: 1.13802 | First support: 1.12817 | Target Point 1 (TP1) |
| Second resistance: 1.14003 | Second support: 1.12587 | Target Point 2 (TP2) |
| 1.13047 | 1.13536 | Stop Loss (SL) |
The trend remains strongly bullish, supported by technical buying momentum from indicators, and price stem EUR/USD pair is undergoing a horizontal consolidation phase after a strong uptrend.
The trend remains bullish, but any negative break above the 1.1304 area could trigger a downward acceleration towards 1.1260.
From a professional perspective, it is recommended to wait for a clear break above 1.1355 to confirm the continuation of the uptrend, or wait for a technical rebound from the support area to exploit it for low-risk long positions. Ability above 1.1392 maintains the positive scenario.
It is preferable to exploit pullbacks as re-entry zones with the general trend.
