EUR/USD Price Analysis: (READ DESCRIPTION)

EUR/USD Price Analysis: Potential Short-Term Upside

Pivot Point: 1.0825
This level serves as a key support level that guides near-term price movements.

Market Outlook

Our Preference:

Bullish Scenario: Long positions are recommended above 1.0825, indicating potential upward movement.
Target Levels:
Target 1: 1.0855
Target 2: 1.0870
These levels represent potential profit zones for long positions, should the price maintain above the pivot.

Alternative Scenario
If EUR/USD drops below 1.0825:

Bearish Outlook: Further downside could be expected.
Target Levels:
Target 1: 1.0810
Target 2: 1.0795
This suggests bearish movement if the price falls below the pivot, aiming for lower support areas.

Technical Indicators
RSI (Relative Strength Index): The RSI indicator shows a mixed signal, suggesting traders should exercise caution as the market could experience some volatility.