Early in the American session, the euro is trading around 1.0889 awaiting data to be published in the United States which could encourage a recovery for the euro, but we could expect EUR/USD to remain above 1/8 Murray which will give the Euro a positive outlook.
In case the euro rebounds around the 21SMA located at 1.0880, it would be seen as an opportunity to buy with targets 1.0910 and at the top of the downtrend channel around 1.0945.
While the euro trades above 1.0850, the outlook remains positive for the next few days. Therefore, we could expect the euro to reach the psychological level of 1.10.
In case the euro rebounds above the key level of 1.0850 in the coming hours, it will be seen as an opportunity to buy. Since the eagle indicator is giving a positive signal, this proves our bullish strategy.
