Noor Trends News, Technical Analysis, Educational Tools and Recommendations
EUR/USD continued its upward trajectory in the previous session, buoyed by sustained support above the psychological 1.1500 level, and reached a high of 1.1640.
According to today’s technical analysis, intraday trading remains firmly above 1.1600. On the 4‑hour chart, the simple moving averages continue to support the ascending price trend, and the Relative Strength Index (RSI) is showing renewed bullish momentum.
Our outlook remains cautiously bullish, provided that daily trading holds above 1.1520. A confirmed breakout above 1.1600 could pave the way for gains toward 1.1670, with potential extension to 1.1720.
Conversely, a close below 1.1520 wouldn’t invalidate the bullish thesis entirely but would likely trigger a deeper pullback, targeting 1.1470 and then 1.1420 before another upward attempt.
Warning: Today brings high-impact economic data—Federal Reserve Chair Jerome Powell’s testimony—which may drive significant volatility.
Risk Note: Elevated risk persists amid ongoing trade and geopolitical tensions; traders should remain alert to all possible scenarios.
Warning: Risk remains elevated amid ongoing trade and geopolitical tensions, and all scenarios are possible.
⚠ Risk Warning: The market remains highly volatile, and all scenarios should be considered.
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