EURUSD NEXT POSSIBLE MOVE

14 hours ago

EURUSD

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

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### **Title**
*"EUR/USD Intraday Outlook: Bulls in Control | Dollar Softens Further"*

#### **Market Context**
*"EUR/USD extends its rally as the U.S. dollar weakens amid declining Treasury yields and cautious Fed expectations. Improved sentiment in the Eurozone further supports the pair’s upward momentum. Traders remain focused on upcoming economic data for additional cues."*

#### **Technical Analysis**
*"Today's buy entry is backed by strong bullish signals:
- **Trend Structure**: Sustained higher highs and higher lows confirm bullish momentum.
- **EMA Analysis**: The pair trades above the 20 and 50 EMAs, reinforcing the positive bias.
- **RSI**: Rising above 60, indicating strengthening buying pressure.
- **MACD**: Positive histogram bars are widening, confirming continued bullish momentum.

**Key Levels**:
- **Resistance**: 1.0670 (immediate), 1.0700 (psychological level).
- **Support**: 1.0640 (intraday), 1.0620 (critical level). A move below 1.0620 would challenge the bullish scenario."*

#### **News Context**
*"Upcoming: U.S. ISM Non-Manufacturing PMI and Eurozone Retail Sales.
Previous: A softer-than-expected U.S. jobs report and easing dollar strength underpin EUR/USD gains."*

#### **Call to Action**
*"Will EUR/USD sustain its upward momentum, or is a correction imminent? Share your trading strategies and insights below!"*

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