Economic Calendar Analysis
Comparing to previous week, significantly higher levels of volatility should be taking in consideration, when setting up trades.
Thursday should bring biggest price action activity, considering multiple releases of economic data from U.S..
EUR/USD hourly chart analysis
Bullish momentum in EUR/USD could test the resistance level of 1.05235. If the resistance is broken, further movement to the upside towards 1.06000 might occur. Downside pressure could test levels of 1.04340 and 1.04000.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
It 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.