EURUSD chart overview

Pair EURUSD yesterday tested support at the 0.98500 level. The euro finds support there and begins to recover. During the Asian trading session, the euro rose to the 0.99000 level, and we are now hovering around that level. We need a break above and a continuation to the 0.99500 level of the previous high. Then the euro would have to try to maintain itself up there and continue its recovery with a new bullish impulse. Potential higher targets are 1.00000 and 1.00500 levels. We need a negative consolidation and a return to yesterday's support zone for a bearish option. There we could expect increased pressure that would lead to a further fall in the European currency. Potential lower targets are 0.98000 and 0.97500 levels.