The pair traded within a range after the previous decline, then formed a recovery from the lower support area and returned toward the middle of the recent H1 structure. EUR/USD is trying to rebuild upside momentum, but the price is still approaching an important resistance zone, so the Pivot area remains the key control level for the full-day outlook.
Current price: 1.16374
Pivot: 1.1628
Nearest support levels:
S1: 1.1610
S2: 1.1595
S3: 1.1578
Nearest resistance levels:
R1: 1.1648
R2: 1.1665
R3: 1.1685
Note:
Above Pivot: holding above 1.1628 may keep the recovery scenario active and support a test of 1.1648. A breakout above this level may strengthen bullish momentum and open the way toward 1.1665 and 1.1685 during the day.
Below Pivot: a return below 1.1628 would weaken the current rebound and may bring the pair back toward 1.1610. If sellers break this support, the next downside targets will be 1.1595 and 1.1578.
