The pair traded within a range after the previous bullish impulse, then corrected from the upper area and formed a fresh rebound from the 1.1625–1.1630 zone. EUR/USD is again approaching the upper part of the short-term H1 structure, so the daily outlook remains constructive while the price holds above the Pivot.
Current price: 1.16485
Pivot: 1.1640
Nearest support levels:
S1: 1.1628
S2: 1.1610
S3: 1.1588
Nearest resistance levels:
R1: 1.1660
R2: 1.1680
R3: 1.1700
Note:
Above Pivot: holding above 1.1640 may keep buyers active and support another test of 1.1660. A breakout above this level may extend the bullish move toward 1.1680 and 1.1700 during the day.
Below Pivot: a decline below 1.1640 would weaken the current recovery and may return pressure toward 1.1628. If sellers break this support, the next downside targets will be 1.1610 and 1.1588.
