FX has moved to the upside, towards 1.14800 price zone.
Economic Calendar Analysis
EUR/USD Hourly chart analysis
The EUR/USD 1-hour chart shows a strong bullish trend following a recent sharp rally to a peak near 1.1476, with the current price pulling back to 1.14471 in a healthy consolidation phase. Immediate support sits at 1.1429 (the 24-period SMA line), followed by horizontal support at 1.1415, while key resistance remains at the 1.1476–1.1480 high; as long as the price stays above the 1.1415–1.1429 zone, the overall structure favors a bullish continuation targeting 1.1476 and 1.1500, whereas a drop below the SMA would signal a deeper retest toward 1.1415.Hourly Chart
Daily review
The EUR/USD daily chart is at a major inflection point. Trading around 1.14465, the pair is testing the primary descending trendline that has capped every rally since the 1.2050 peak in February. Short-term momentum looks solid after a sharp bounce off the 1.1340 floor, and price is holding comfortably above the 20-day SMA (1.1415). However, the macro trend stays bearish until buyers can force a daily close above 1.1460–1.1480.If sellers reject the trendline and push price back under 1.1415, expect the broader downtrend to resume toward 1.1375 and 1.1340, with long-term downside open to 1.1180. If buyers clear 1.1480, the trendline breaks—opening the door for a bigger recovery toward 1.1600 and eventually 1.1780.
EUR/USD chart
Daily Chart
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