EURUSD Next possible move SAXO:EURUSD
Here’s a detailed description for today’s bullish continuation in EUR/USD:
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### **Title**
*"EUR/USD Intraday Analysis: Bullish Momentum Holds | Buyers Dominate"*
#### **Market Context**
*"EUR/USD continues its upward move as the U.S. dollar weakens amid cautious market sentiment. The pair benefits from steady Eurozone fundamentals and a lack of immediate hawkish cues from the Federal Reserve."*
#### **Technical Analysis**
*"Today’s buy entry setup is supported by:
- **Trend Structure**: Higher highs and higher lows sustain the bullish pattern.
- **EMA Dynamics**: Price firmly above the 20 and 50 EMAs, signaling ongoing upward momentum.
- **RSI**: Holding near 65, indicating strong buying interest.
- **MACD**: Positive divergence with increasing histogram bars supports the bullish outlook.
Key Levels:
- **Support**: 1.0600 (intraday), 1.0575 (critical support).
- **Resistance**: 1.0640 (immediate), 1.0670 (key resistance). A breakout above 1.0670 could drive further gains."*
#### **News Context**
*"Upcoming: U.S. Pending Home Sales and Eurozone inflation data are expected today, which could influence market dynamics.
Previous: The pair gained momentum as traders capitalized on weaker-than-expected U.S. data last week."*
#### **Call to Action**
*"Will EUR/USD sustain its bullish trajectory or face resistance at higher levels? Share your views and trading setups below!"*
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Let me know if this works or if you’d like further adjustments!
