In recent days, the US dollar has come under pressure as labor market data (JOLTS and ADP) came in weaker than expected. This has fueled expectations that the Fed may soon move toward cutting interest rates. Meanwhile, the euro has found support from signs of stability within the EU, giving EURUSD an edge for a potential rebound.
On the H4 chart, EURUSD is currently testing the rising trendline and the support zone around 1.1540. This area has acted as a strong bounce level multiple times in the past. If it holds, price could push back up to retest 1.1650 and potentially higher resistance levels. The EMA34 and EMA89 continue to provide dynamic support for the medium-term bullish structure.
On the H4 chart, EURUSD is currently testing the rising trendline and the support zone around 1.1540. This area has acted as a strong bounce level multiple times in the past. If it holds, price could push back up to retest 1.1650 and potentially higher resistance levels. The EMA34 and EMA89 continue to provide dynamic support for the medium-term bullish structure.
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🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
Disclaimer
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.