EURO L

EURUSD held the 1.15000 psychological support level and continued its rebound to test 1.1540. A 4-hour close above 1.1540 with significant volume could see a short-term target of 1.1570.

Key Indicators

• The buying pressure has started to appear on the H4 timeframe after the recent sharp decline. This signals that the market is attempting to create a short-term equilibrium zone and preparing for a technical rebound.

Fundamental Context

The euro is recovering momentum and displaying relative strength, with the US dollar consolidating and increased risk appetite driving the short-term trend.