EURUSD next possible move

29 lis

EURUSD
Title
"EUR/USD Intraday Analysis: Sustained Buy Momentum | Pre-NFP Optimism"

Market Context
"EUR/USD continues its bullish momentum, supported by strong buying interest above the 1.0500 support zone. The pair remains in an intraday upward trend as market participants position ahead of tomorrow's U.S. Non-Farm Payroll (NFP) report."

Technical Analysis
*"Today's bullish move builds on favorable technical indicators:

Trend Structure: Higher highs and higher lows on the H1 chart confirm the uptrend.
EMA Support: Price stays above the 20 and 50 EMAs, suggesting bullish continuation.
RSI: Rising steadily, currently above 60, reflecting increasing buying pressure.
MACD: Positive histogram bars continue to expand, reinforcing upward momentum.
Key Levels:

Resistance: 1.0550 (immediate), 1.0585 (next target).
Support: 1.0520 (intraday), 1.0500 (critical). A break below 1.0500 could shift sentiment."*
News Context
"Upcoming: Tomorrow’s NFP report is expected to bring volatility.
Previous: Earlier U.S. GDP data bolstered the dollar, but the current price action indicates profit-taking and possible EUR strength."

Call to Action
"Do you see this bullish momentum continuing, or will the market pause ahead of NFP? Share your perspectives below!"

29 lis

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