The EUR/USD pair will continue to rise from the level of 1.0188. The support is found at the level of 1.0188, which represents the 38.2.% Fibonacci retracement level in the M30 time frame.
Slightly bullish trend on The EUR/USD pair. It is difficult to advise a trading direction under these conditions.
The first resistance is located at the price of 1.0229. The first support is located at 1.0188. It could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
The price is likely to form a double bottom. Today, the major support is seen at 1.0188, while immediate resistance is seen at 1.0229.
Accordingly, the EUR/USD pair is showing signs of strength following a breakout of a high at 1.0188.
So, buy above the level of 1.0188 with the first target at 1.0229 in order to test the daily resistance 1 and move further to 1.0294.
Also, the level of 1.0294 is a good place to take profit because it will form a double top.
Amid the previous events, the pair is still in an uptrend; for that we expect the EUR/USD pair to climb from 1.0188 to 1.0294 today.
At the same time, in case a reversal takes place and the EUR/USD pair breaks through the support level of 1.0188, a further decline to 1.0123 can occur, which would indicate a bearish market. Technical indicators (RSI) are indecisive in the very short term but do not change the general bullish opinion of this analysis.
