Current trend: Short-term bullish recovery
EUR/USD is trying to recover after forming a swing low around 1.1320. The pair has broken above the recent bearish structure and is now trading above the short-term uptrend line, indicating that buyers are gradually regaining control.
However, the 89 moving average (around 1.1390) is still acting as key dynamic resistance, meaning that the broader trend remains neutral to slightly bearish until this level is reclaimed decisively.
👉 Current bias: Bullish in the short term while the price remains above the ascending trend line.
📊 2. Price movement analysis
Current market behavior
After rallying nearly 100 pips from its recent low, EUR/USD reached the 1.1430 resistance area and was rejected, triggering a healthy pullback.
The current correction appears to be testing the previous breakout support around the 1.1380-1.1390 area, which coincides with the uptrend line.
Key notes
🔵 The price continues to record higher lows, keeping the short-term bullish structure intact.
🔵 The rising trend line is still in place and provides dynamic support.
🔴 The 1.1430 – 1.1435 area proved to be strong resistance after multiple rejections.
🟡The Relative Strength Index is hovering around 52, indicating balanced momentum with a slight upward bias.
🟢 The momentum chart has become positive again, indicating that buying pressure is gradually returning.
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EURUSD buy zone: 1.13550 – 1.13450
C: 1.13150
TP: 1.13850 – 1.14200 – 1.14600
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