Technical Analysis for EUR/USD : The euro benefited from the decline in the US dollar over the past two days following weaker-than-expected US economic data, particularly in retail sales and manufacturing.
On the other hand, statements from European Central Bank officials continue to support the continuation of current monetary policy, which strengthens the euro’s stability in the short term
Technical Indicator Analysis
Moving Averages
The price is above the 50, 100, and 200 moving averages.
All of these indicate a strong uptrend
MACD
A positive crossover and medium momentum are showing.
Supports the continuation of the positive correction.
Stochastic
Moving in the 70 area.
There is still room for an upside move before entering oversold territory.
Possible Scenarios
Bullish Scenario
A break of 1.1520 will push the price to 1.1547 and then 1.1575.
Continued current momentum supports this scenario.
Bearish Scenario
if the price is rejected at 1.1520, it may return to test 1.1468.
A break of 1.1447 will temporarily weaken the uptrend
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | EURUSD |
| 1.15206 | 1.14828 | Entry point |
| First resistance: 1.15206 | First support: 1.14477 | Target Point 1 (TP1) |
| Second resistance 1.15453 | Second support 1.14203 | Target Point 2 (TP2) |
| 1.14828 | 1.15206 | Stop Loss (SL) |
The EUR/USD pair is in a retest of resistance levels after a successful rebound from support, and the upward trend is expected to resume if it holds above 1.1500.
All technical indicators and moving averages support continued positive momentum in the near term.
Buying is recommended if a breakout of 1.1520 or a new rebound from 1.1468 is confirmed, with a stop loss below 1.1447
