Pivot Point: 1.0825 This level serves as a key support level that guides near-term price movements.
Market Outlook
Our Preference:
Bullish Scenario: Long positions are recommended above 1.0825, indicating potential upward movement. Target Levels: Target 1: 1.0855 Target 2: 1.0870 These levels represent potential profit zones for long positions, should the price maintain above the pivot.
Alternative Scenario If EUR/USD drops below 1.0825:
Bearish Outlook: Further downside could be expected. Target Levels: Target 1: 1.0810 Target 2: 1.0795 This suggests bearish movement if the price falls below the pivot, aiming for lower support areas.
Technical Indicators RSI (Relative Strength Index): The RSI indicator shows a mixed signal, suggesting traders should exercise caution as the market could experience some volatility.
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