The pair traded within a range after the sharp sell-off at the end of last week, then formed a corrective rebound from the 1.1510 area. EUR/USD is now trying to build a higher intraday base, but the broader H1 structure still shows pressure after the breakdown, so buyers need to hold above the Pivot to keep the recovery active for the full day.
Current price: 1.15462
Pivot: 1.1540
Nearest support levels:
S1: 1.1528
S2: 1.1510
S3: 1.1490
Nearest resistance levels:
R1: 1.1558
R2: 1.1575
R3: 1.1600
Note:
Above Pivot: holding above 1.1540 may keep the corrective recovery in force and support a move toward 1.1558. A breakout above this resistance may extend the rebound toward 1.1575 and 1.1600 during the day.
Below Pivot: if EUR/USD falls back below 1.1540, the rebound may lose momentum. A break below 1.1528 may return pressure toward 1.1510 and 1.1490.
