EURUSD Next possible move

6 days ago

EURUSD
Here’s a detailed description for today’s bullish view in EUR/USD:

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### **Title**
*"EUR/USD Intraday Analysis: Buy Entry in Focus | Post-NFP Recovery"*

#### **Market Context**
*"EUR/USD shows signs of recovery after Friday’s NFP-induced sell-off. The pair is holding above critical support levels as buyers step in, expecting potential upside ahead of key economic data releases today."*

#### **Technical Analysis**
*"Today’s buy entry is supported by early bullish signals:
- **Price Action**: The pair is forming higher lows on the H1 chart, indicating initial bullish momentum.
- **EMA Support**: Price is attempting to reclaim the 20 EMA, which could confirm further upside if sustained.
- **RSI**: Rising above 50, signaling strengthening buying interest.
- **MACD**: Positive crossover on the H1 timeframe suggests potential upward movement.

Key Levels:
- **Support**: 1.0500 (psychological level), 1.0480 (intraday).
- **Resistance**: 1.0535 (initial target), 1.0555 (key resistance). A breakout above 1.0555 could open the door to further gains."*

#### **News Context**
*"Upcoming: U.S. ISM Services PMI and Eurozone Sentix Investor Confidence are critical data points today, which could either fuel or limit the upside momentum.
Previous: Friday’s NFP data boosted the USD, but traders now await fresh cues to gauge directional bias."*

#### **Call to Action**
*"Do you expect EUR/USD to sustain its bullish recovery, or will resistance levels cap the upside? Share your analysis and trades below!"*