EUR/USD is currently moving between the 1st Pivot and Resistance zone level area with an uptrend bias.
Key Levels
1. Resistance. 2: 1.16753.
2. Resistance. 1: 1.16419.
3. Pivot : 1.16082.
4. Support. 1 : 1.15748.
5. Support. 2 : 1.15411.
Tactical Scenario
Positive Reaction Zone: If the price stays above the 1.16082 level, there is a possibility of an upward movement towards the 1.16419 level. Momentum Extension Bias: If EUR/USD manages to break through and close above 1.16419, then EUR/USD has the potential to continue its further strengthening to the 1.16753 level.
Invalidation Level / Bias Revision
EUR/USD strengthening bias weakens when the price breaks and closes below level 1.15748.
Technical Summary
With the condition of price movement that is still forming Higher-High Lower High and, the position of EMA 50 which is still above EMA 200 (Golden Cross) and the position of RSI is at level 51.03 (Normal - Bullish) it can be concluded that the strengthening bias in Fiber still exists.
Relevant News
1. US New Home Sales - 21:00 WIB.
2. Fed Chair Powell Testifies - 21:00 WIB.
3. US Crude Oil Inventory - 21:30 WIB.
