EUR/USD is trading in a short-term bullish structure after bouncing from the mid-Bollinger band and holding above the intraday support zone at 1.1575–1.1565. Buyers pushed price toward the upper band, but the pair is now facing strong resistance at 1.1615–1.1620, where recent candles show rejection. RSI is slowing down from the 60+ region, indicating reduced momentum. If price stays above 1.1575, a continuation toward 1.1615 remains possible, offering a 1:1 reward setup. However, a break below 1.1575 may pull the pair back toward the next support at 1.1539, signalling weakening bullish pressure.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.