FX.co ★ EUR/USD

On the weekly timeframe, we can see buyers pushing to new highs while lows are holding. Currently, the minimum extreme is at the support level of 1.1390. As long as this level holds, the uptrend remains intact, and it is correct to consider buying opportunities in line with the main trend. If we see a pullback, for example, towards the 1.16 level, then there will be a chance to buy the euro at a favorable price with a target price increase towards the high of 1.1920, paving the way towards the 1.20 level. Considering the rise with the renewal of extremes, the last upward movement may turn out to be impulsive. It is important to be prepared for this price increase, especially since the US dollar continues to decline, renewing its lows.