Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Positive trading dominated the EUR/USD pair’s movements during the first trading session of the week, benefiting from weakness in the U.S. dollar. The pair reached a session high of 1.1455.
From a technical perspective, the bias remains tilted toward positivity, supported by the pair’s stability above the simple moving averages, which continue to provide a dynamic base of support. This is further reinforced by sustained positive signals from the momentum indicator, despite temporary overbought conditions.
As long as daily trading remains above the 1.1360 support level, the uptrend remains intact and effective. A confirmed break above 1.1470 would act as a catalyst for further gains, opening the path toward the first target at 1.1520. Should bullish momentum persist, the rally may extend toward 1.1560 in the coming sessions.
However, it is important to note that a break below 1.1360 could temporarily postpone, but not entirely eliminate, the potential for further gains. In this case, a retest of the 1.1290 level may occur.
Traders should remain cautious amid ongoing global trade tensions and heightened economic uncertainty. The risk level is high, and all scenarios remain possible.
Risk Disclaimer:
With ongoing global trade tensions and key economic data in focus, risk levels remain elevated. Traders should remain vigilant and prepare for potential sharp price swings in either direction.
⚠ Risk Warning: The market remains highly volatile, and all scenarios should be considered.
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