EURUSD Next possible move

昨日

Title
*"EUR/USD Intraday Analysis: Buy Momentum Extends | Euro Bulls in Command"*

#### **Market Context**
*"EUR/USD continues its upward momentum as the U.S. dollar remains subdued amid easing Fed rate hike fears. Positive Eurozone sentiment adds further support to the pair’s bullish tone."*

#### **Technical Analysis**
*"Today’s buy entry is justified by the following signals:
- **Trend Structure**: The pair maintains higher highs and higher lows, solidifying its bullish trend.
- **EMA Dynamics**: Prices are trading firmly above the 20 and 50 EMAs, reflecting continued bullish momentum.
- **RSI**: Rising above 60, signaling strong buying pressure.
- **MACD**: Positive histogram bars are expanding, confirming sustained bullish strength.

Key Levels:
- **Support**: 1.0560 (intraday), 1.0530 (key support).
- **Resistance**: 1.0590 (initial target), 1.0620 (critical level). A break above 1.0620 could fuel additional gains."*

#### **News Context**
*"Upcoming: Eurozone Retail Sales data and U.S. ISM Services PMI could influence intraday moves.
Previous: Friday’s Eurozone data outperformed expectations, while dovish Fed commentary kept the dollar on the back foot."*

#### **Call to Action**
*"Will EUR/USD maintain its bullish momentum and target higher levels? Share your strategies and market insights below!"*