EUR/USD Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD pair is currently trading at 1.17418, showing signs of a bullish recovery following a short-term correction. After a significant rally that peaked near 1.1760, the price pulled back to find support around the 1.1710 to 1.1720 area, but recent price action indicates renewed buying interest as the market attempts to reclaim higher ground. A key technical development is the price crossing back above the 90-period Simple Moving Average, which suggests that the immediate bearish pressure is fading and the uptrend may be resuming.



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