The EUR/USD pair traded within a recovery structure after Monday’s upside gap and managed to return to the upper part of the short-term range. Price is now holding near local intraday highs, which shows that buyers still control the near-term tone. At the same time, the pair is approaching an area where upward movement previously started to stall, so the market may spend part of the day in consolidation before choosing the next direction. For the full session, the key question is whether bulls can hold the pair above the pivot zone and keep pressure on the recent highs.
Current price: 1.16426
Pivot: 1.16390
Nearest support levels: S1 1.16310, S2 1.16210, S3 1.16090
Nearest resistance levels: R1 1.16510, R2 1.16600, R3 1.16720
Note: Above 1.16390, the pair may continue its recovery toward 1.16510 and 1.16600. If bullish momentum strengthens during the day, 1.16720 becomes the next upside target. Below 1.16390, a correction may develop toward 1.16310 and 1.16210; a deeper pullback would expose 1.16090.
