EUR/USD is trading around 1.162–1.163, after a slight rebound from the support zone near 1.16100. The uptrend is reinforced as the pair holds above key EMAs and maintains a clear technical structure.
The nearest upside target is the resistance area around 1.16500, followed by the July high near 1.17000 if momentum remains strong.
Suggested strategy: Favor Buy on dip around 1.1600–1.1610. Target 1.1650 first, then 1.1700+. Stop-loss below 1.1580.
Supporting news: At Jackson Hole, Powell signaled that the Fed could ease policy if the labor market weakens, pushing the USD lower and boosting EUR/USD. The pair sustains its recovery as key support holds, aiming for a breakout above higher resistance.
The nearest upside target is the resistance area around 1.16500, followed by the July high near 1.17000 if momentum remains strong.
Suggested strategy: Favor Buy on dip around 1.1600–1.1610. Target 1.1650 first, then 1.1700+. Stop-loss below 1.1580.
Supporting news: At Jackson Hole, Powell signaled that the Fed could ease policy if the labor market weakens, pushing the USD lower and boosting EUR/USD. The pair sustains its recovery as key support holds, aiming for a breakout above higher resistance.
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Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 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.