Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The EUR/USD pair advanced in the previous session, climbing toward the 1.1770 area and reinforcing the near-term bullish tone.
Technical Outlook – 4-Hour Chart
Price action remains supported by trading above the simple moving averages, which continue to validate the short- to medium-term upward trend.
Momentum indicators are also improving. The Relative Strength Index (RSI) is attempting to generate fresh positive signals, suggesting a gradual strengthening in buying pressure during the session.
In addition, the pair has broken out of its descending corrective channel, as shown on the chart — a development that further supports the current bullish scenario.
Expected Technical Scenario
As long as trading holds above the previously broken resistance at 1.1655 — now acting as support — the bullish bias remains dominant, with 1.1780 as the first upside target. A sustained break above this level would reinforce gains and open the door toward 1.1840.
On the downside, a close below 1.1655 would weaken the bullish structure and could place the pair under renewed pressure, with scope for a pullback toward 1.1570.
Market Note:
Markets are awaiting comments from U.S. President Donald Trump today, which may trigger heightened volatility across major currency pairs.
Risk Disclaimer: Trading CFDs involves risks, and therefore the scenarios outlined above are not a recommendation to sell or buy but rather an explanatory reading of price movement on the chart.
| S1: 1.1645 | R1: 1.1780 |
| S2: 1.1570 | R2: 1.1845 |
| S3: 1.1510 | R3: 1.1920 |
