Economic Calendar Analysis
Moderate levels of volatility may be expected this week, with the release of economic data from the U.S.
Friday may bring higher levels of volatility overall due to economic releases from both the EU and the U.S.
EUR/USD hourly chart analysis
Price of a currency pair is may be expected to rise and could reach 1.05235. This is supported by the fact that the price is currently above key moving averages (50-period, 100-period, and 200-period), which indicates a strong overall upward trend in the market. When the price is above these moving averages, it typically signals bullish momentum, suggesting more upward movement is likely.Hourly Chart
EUR/USD daily chart's review
Continuing previous weeks trend, On the daily time frame, sideways price action should be considered until the market provides a clear directional bias. A resistance level of 1.06100 may confirm bullishness if broken. A support level of 1.01800 may indicate a bearish trading bias.Daily chart
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Traders sentiment is bullish
Continuing previous week could be considered that significant bullish sentiment has occurred in the FX pair. Further increases in the bullish trend should provide guidance for the directional bias.