The EUR/USD pair is hovering around $1.03157, down 0.01%, as traders assess market momentum. The pivot point at $1.03489 is acting as a key inflection zone—holding above it could keep the pair in bullish territory, while a break below might accelerate selling pressure.
On the upside, immediate resistance is at $1.04112, with the next hurdle at $1.04668. A sustained break above these levels could signal further upside. On the downside, support sits at $1.02817, with deeper losses possibly extending to $1.02124.
The 50-day EMA at $1.03586 and 200-day EMA at $1.03728 suggest resistance overhead, but the upward trendline remains intact, keeping buyers optimistic.
