Key Levels to Confirm Bullish Reversal or Extend Downtrend

EUR/USD Technical Analysis

The price is likely to attempt to reach 1.0915 from the pivot line, with the possibility of a retest down to 1.0832 before initiating a bullish trend.

Bearish Scenario: If the price remains below 1.0772, this would indicate a continuation of the downtrend towards the support level at 1.0680.

Bullish Scenario: A break and a sustained move above 1.0865 could confirm a bullish move toward 1.0915, with further potential to reach 1.1005, signaling upward momentum.

Key Levels:
Pivot Line: 1.0830
Support Lines: 1.0770, 1.0680, 1.0618
Resistance Lines: 1.0915, 1.1000, 1.1082

Trend Outlook:
Bearish by stability under 1.0772
Bullish by stability above 1.0830