EUR/USD saw strong move to the upside, closing 1.8270.
Economic Calendar Analysis
Moderate levels of volatility may be observed, if no deviation in Fed interest rate decision.
EUR/USD hourly chart analysis
EUR/USD on the 1-hour chart is bullish, trading at 1.1854 after a strong breakout from 1.1650–1.1725 and a brief cooling off near 1.1900. Immediate resistance is 1.1900, with a break potentially targeting 1.2000. Support is at 1.1850, then 1.1770 (50 SMA), and major support at 1.1725. Holding above 1.1850 suggests continuation of the uptrend, while a drop below may trigger a pullback before the next move higher.Hourly Chart
EUR/USD daily chart's review
EUR/USD has broken above the key resistance level at 1.1830, signaling a shift from a prolonged sideways range into a strong bullish trend. Currently trading around 1.1855, the pair has gained momentum after a sharp multi-day rally, supported by rising 50-, 100-, and 200-day moving averages, which confirm the long-term uptrend. Immediate resistance is at 1.1920, with a potential extension toward the psychological 1.2000 level if the bullish momentum continues. Key support now sits at 1.1830, and as long as the price remains above the 50-day SMA near 1.1675, the medium-term outlook remains positive, with a possible minor retest of support before further gains.Daily chart
Read More: Technical Analysis
Traders are going long
Market sentiment suggests more traders expect the USD to strengthen relative to the EUR in the short term.