EUR/USD is making gains around 1.0845, benefiting from a weaker USD. The pair maintains a bullish stance, supported by trading above key moving averages and with the RSI indicator signaling bullish momentum.

The next resistance level is expected at 1.0855, while strong support lies in the 1.0800–1.0855 range. The pair is trading positively in the early European session on Monday, buoyed by the USD’s decline following disappointing US economic data.

Looking ahead, the European Central Bank (ECB) is expected to announce its interest rate decision on Thursday, with no changes anticipated. Currently, EUR/USD is trading near 1.0845, marking a slight increase for the day.

From a technical perspective, EUR/USD’s bullish outlook is reinforced by its position above key moving averages and the RSI indicator signaling bullish momentum. Resistance is seen at 1.0855, with potential for further gains toward 1.0895–1.0900 and beyond.

On the downside, important support levels are identified near 1.0800–1.0805, with additional support at 1.0761 and 1.0700.

EUR/USD four-hour chart 


Today last price1.0844
Today Daily Change0.0006
Today Daily Change %0.06
Today daily open1.0838
Daily SMA201.0791
Daily SMA501.0872
Daily SMA1001.0826
Daily SMA2001.0829
Previous Daily High1.0843
Previous Daily Low1.0798
Previous Weekly High1.0866
Previous Weekly Low1.0796
Previous Monthly High1.0898
Previous Monthly Low1.0695
Daily Fibonacci 38.2%1.0826
Daily Fibonacci 61.8%1.0815
Daily Pivot Point S11.0809
Daily Pivot Point S21.0781
Daily Pivot Point S31.0764
Daily Pivot Point R11.0854
Daily Pivot Point R21.0871
Daily Pivot Point R31.09

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