EUR/USD Tends to be Positive

Various moves tended to be positive that dominated the euro’s movements against the US dollar at the end of last week’s trading within the scenario of re-testing the support published during the previous analysis, approaching a few points difference at the desired target of 1.2000, recording a high of 1.1990.

On the technical side, the pair maintained stability above the strong support level of 1.1920, which supports the return of the upside, accompanied by the clear positive signs on the RSI.

Therefore, a bullish bias is likely today, noting that confirming the breach of 1.1975 a 50.0% correction will facilitate the task required to visit 1.2000 and then 1.2030 respectively.

Only from below is confirmation of breaking 1.1880, a 61.80% correction, which will stop the bullish scenario completely and put the price under negative pressure, and its initial targets are around 1.1820.

Note: the 50 day moving average is still an obstacle for the pair.

S1: 1.1900	R1: 1.1990
S2: 1.1865	R2: 1.2030
S3: 1.1825	R3: 1.2075