The EUR/USD pair starts the new trading day in a constructive tone after a steady recovery from the late-week lows. On the H1 chart, the market managed to regain lost ground and moved back into the upper part of the recent short-term range, which indicates that buyers still retain near-term initiative. At the same time, the pair is approaching a local resistance zone, so the first half of the day may include consolidation or a mild pullback before the next directional move develops. For the full day, the intraday bias remains moderately bullish while the market stays above the pivot area, though a failure to hold that zone could return the pair into a broader sideways correction.
Current price: 1.16381
Pivot: 1.1633
Nearest support levels: S1: 1.1620, S2: 1.1605, S3: 1.1588
Nearest resistance levels: R1: 1.1649, R2: 1.1662, R3: 1.1678
Note: If the pair holds above the pivot at 1.1633, buyers may continue pressing higher toward 1.1649. A sustained break above this zone would expose 1.1662 and then 1.1678 during the day. If EUR/USD falls back below 1.1633, the bullish momentum may weaken and the pair could retrace toward 1.1620. A deeper decline would then shift focus to 1.1605 and 1.1588.
