EUR/USD is trading at 1.1504, rebounding after the consolidation above the 6/8 Murray level in recent sessions. This positive bias suggests that the euro will likely continue its rise in the coming hours, potentially reaching the 7/8 Murray level at 1.1596.
If the euro undergoes a technical correction towards 1.1474 in the next few hours, we could consider this area a key buying level with targets at 1.1544 and 1.1596.
Let me remind you that the euro left a gap around 1.1740 in October, so we believe that the euro could resume its upward cycle in the coming days and reach these resistance levels, thus covering the gap.
The Eagle indicator is showing a positive signal, suggesting buying opportunities while the price consolidates above the 6/8 Murray level.
