Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
Wrapped SOL 
USDC 
Lido Staked Ether 
TRON 
Dogecoin 
The EURUSD started the US session with the price higher and just above the broken 200 hour MA near 1.15525. Buyers on the dip in the early trading, defended that level and that has led to increased upside momentum with new highs for the week.
The price has also moved to the next key target area defined by the 61.8% and the high of a swing area at 1.1591 where sellers leaned.
In the video, I take a look at the technicals in play and look to answer “What next?”
This article was written by Greg Michalowski at investinglive.com.
💡 DMK Insight
EURUSD’s bounce above the 200-hour MA at 1.15525 signals bullish momentum, and here’s why that matters: Traders are seeing a solid defense of this key level, which often indicates a shift in sentiment. The recent price action suggests that buyers are stepping in, pushing the pair to new weekly highs. This could attract more buying interest, especially if the momentum continues. Keep an eye on the 1.1600 psychological level as a potential target, which could act as resistance. If the pair breaks above this, it might trigger further bullish positions. On the flip side, if we see a reversal back below the 200-hour MA, it could signal a false breakout, leading to a potential sell-off. Watch for any economic data releases that could impact the Euro or USD, as these could create volatility. For now, the immediate focus should be on maintaining positions above the 200-hour MA and monitoring the 1.1600 level closely for signs of continuation or reversal.
📮 Takeaway
Watch for EURUSD to hold above 1.15525; a break above 1.1600 could signal further upside momentum.
