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EUR/USD maintains its near-term upward trajectory, steadily approaching the key resistance level at 1.1635 as the market tests the strength and sustainability of the current bullish momentum.
Technical Outlook – 4-Hour Timeframe:
Momentum indicators continue to support the upside scenario. The Relative Strength Index (RSI) is trending positively, while price action remains firmly positioned above key simple moving averages and supported by a well-defined ascending trendline. This alignment reinforces the likelihood of an استمرار in the short-term corrective advance.
As long as the pair holds above the 1.1560 support level, the bullish bias remains intact. A confirmed breakout above 1.1635 would open the door for a move toward 1.1670. Sustained buying pressure beyond this level could further extend gains toward the next upside target at 1.1710.
On the downside, a decisive close below 1.1560 would invalidate the bullish outlook, shifting momentum to the downside and exposing the pair to renewed selling pressure, with 1.1520 emerging as the next key support level to monitor.
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: 1.1565 | R1: 1.1635 |
| S2: 1.1520 | R2: 1.1670 |
| S3: 1.1490 | R3: 1.1710 |
