Bullish if the 1.3655 resistance level is closed, especially if prices break above 1.36935, which could close the door to testing 1.3730.
We are considering a break of the 1.3505 support level, especially if the market loses the 1.34814 level, which could lead to a strong push towards 1.3430.
Resistance 3
Resistance 2
Resistance 1
Pivot Point
Support 1
Support 2
Support 3
1.37300
1.36935
1.36550
1.35800
1.35362
1.34814
1.34300
EUR/USD chart on the hourly time frame
The 1.1407 pivot can be identified, reflecting supply and demand forces.
• Growing interest: A break above the first resistance level of 1.1482 could close the door to a rise towards 1.1557 and then 1.1632.
• Stop: A break above the support level of 1.1332 could lead to a decline to 1.1257 and possibly 1.1182.
The trend is preferable around 1.1407 to confirm the upcoming observation.
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