The pair traded within a range after the sharp breakdown from the 1.1640 area and is now trying to extend a corrective recovery from the 1.1500–1.1510 support zone. EUR/USD has improved its short-term tone, but the broader H1 structure still remains fragile ahead of the U.S. CPI release, so the Pivot area is the key control level for the full-day outlook.
Current price: 1.15514
Pivot: 1.1545
Nearest support levels:
S1: 1.1530
S2: 1.1510
S3: 1.1490
Nearest resistance levels:
R1: 1.1565
R2: 1.1585
R3: 1.1610
Note:
Above Pivot: holding above 1.1545 may keep the recovery scenario active and support a move toward 1.1565. A breakout above this level may extend the rebound toward 1.1585 and 1.1610 during the day.
Below Pivot: if EUR/USD falls back below 1.1545, the recovery may lose momentum. A break below 1.1530 may return pressure toward 1.1510 and 1.1490.
