Each day Pivots: (S1) 1.0920; (P) 1.0953; (R1) 1.0975; Extra… EUR/USD rebounds notably at present however stays beneath 1.1008/1016 resistance zone. Intraday bias stays impartial first. One other retreat can’t be dominated out. However additional rally is predicted so long as 1.0722 assist holds. On the upside, break of 1.1016 will resume the entire rise from 1.0447 to retest 1.1274 excessive. Within the greater image, worth actions from 1.1274 are seen as a corrective sample to rise from 0.9534 (2022 low). Rise from 1.0447 is seen because the second leg. Whereas additional rally may can’t be dominated out, upside ought to be restricted by 1.1274 to convey the third leg of the sample. In the meantime, sustained break of 1.0722 assist will argue that the third leg has already began for 1.0447 and beneath. Featured Evaluation
