After achieving yesterday's targets at 1.3515 - 1.3550, we note a slowdown in the upward momentum with the price stabilizing near the daily high. Stability above 1.3500 may allow for an attempt to extend the upward trend, but overbought conditions may lead to a temporary decline.
Levels to Watch:
Possible Rise Towards: 1.3555 - 1.3580 - 1.3615
Possible Decline to: 1.3495 - 1.3470 - 1.3435
Resistance 3
Resistance 2
Resistance 1
Pivot Point
Support 1
Support 2
Support 3
1.3615
1.3580
1.3555
1.35205
1.3495
1.3470
1.3435
EUR/USD chart on the hourly time frame
Yesterday, the EUR achieved three upside targets, and today it is holding above 1.1400, supporting continued momentum. However, approaching the 1.1450 area may temporarily slow the rise pending a new catalyst.
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