An upward trend continues to dominate the EUR\/USD pair after successfully finding support at the key psychological level of 1.1600.<\/p>\n\n\n\n
Technical Outlook \u2013 4-Hour Chart:<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
Technical Scenario:<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
On the other hand, stabilizing below 1.1600 may limit upside attempts and open the door for a potential pullback toward 1.1560.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":" An upward trend continues to dominate the EUR\/USD pair after successfully finding support at the key psychological level of 1.1600. Technical Outlook \u2013 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 …<\/p>\n","protected":false},"author":9,"featured_media":121362,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42,41],"tags":[],"class_list":["post-121356","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=121356"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121356\/revisions"}],"predecessor-version":[{"id":121364,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121356\/revisions\/121364"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/121362"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=121356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Risk Disclaimer:<\/strong> 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.<\/p>\n\n\n\nS1: 1.1605<\/strong><\/td> R1: 1.1660<\/strong><\/td><\/tr> S2: 1.1570<\/strong><\/td> R2: 1.1700<\/strong><\/td><\/tr> S3: 1.1555<\/strong><\/td> R3: 1.1735<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/p>\n\n\n\n