Euro is rising against USD 3/12/2025

An upward trend continues to dominate the EUR/USD pair after successfully finding support at the key psychological level of 1.1600.

Technical Outlook – 4-Hour Chart:

Bullish signals are aligning clearly: simple moving averages have turned upward with positive crossovers, strengthening the current momentum. The Relative Strength Index (RSI) is also showing a positive divergence, supporting the bullish bias. Price action is moving steadily within an ascending channel, adding further confirmation of upward continuation.

Technical Scenario:

As long as the pair holds above 1.1600, the bullish outlook remains intact, with the first resistance target at 1.1670. A confirmed break above this level could pave the way toward the next resistance zone near 1.1705.

On the other hand, stabilizing below 1.1600 may limit upside attempts and open the door for a potential pullback toward 1.1560.

Warning: Highly impactful U.S. economic data is due today, including the change in non-farm private employment and the ISM Manufacturing PMI. Significant price volatility is likely around the time of release.

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: 1.1605	R1: 1.1660
S2: 1.1570	R2: 1.1700
S3: 1.1555	R3: 1.1735