The pair traded within a range after the sharp decline from the 1.1640 area, with price action now stabilizing above the recent lows. EUR/USD is trying to continue its corrective recovery, but the broader H1 structure remains fragile while the pair trades below the former breakdown zone. The Pivot area should define whether buyers can extend the rebound or whether sellers regain control during the day.
Current price: 1.15457
Pivot: 1.1545
Nearest support levels:
S1: 1.1530
S2: 1.1510
S3: 1.1490
Nearest resistance levels:
R1: 1.1565
R2: 1.1585
R3: 1.1610
Note:
Above Pivot: holding above 1.1545 may support another attempt to extend the corrective rebound toward 1.1565. A breakout above this resistance may open the way toward 1.1585 and 1.1610 during the day.
Below Pivot: if EUR/USD falls back below 1.1545, the recovery may lose momentum. A break below 1.1530 may return pressure toward 1.1510 and 1.1490.
