The pair traded within a range during the previous sessions, then formed a strong upside breakout and moved into the upper part of the H1 structure. EUR/USD is now correcting from the recent high, but the rebound from the 1.1640 area keeps the broader daily outlook constructive while the price holds above the Pivot zone.
Current price: 1.16514
Pivot: 1.1648
Nearest support levels:
S1: 1.1635
S2: 1.1618
S3: 1.1595
Nearest resistance levels:
R1: 1.1665
R2: 1.1682
R3: 1.1700
Note:
Above Pivot: holding above 1.1648 may keep buyers active and support another attempt to test 1.1665. A breakout above this level may extend the move toward 1.1682 and 1.1700 during the day.
Below Pivot: a move below 1.1648 would weaken the recovery structure and may trigger a pullback toward 1.1635. If sellers push the pair below this support, the next downside targets will be 1.1618 and 1.1595.
