EUR/USD Forecast: Euro shows signs of a bullish reversal

EUR/USD extended its rebound early Tuesday and climbed above 1.0900 after snapping a six-day losing streak on Monday. In case risk flows continue to d

On the upside, 1.0950 , Fibonacci 23.6% retracement of the latest downtrend) aligns as first resistance. A 4-hour close above that level could attract technical buyers and open the door for additional gains toward 1.1000 and 1.1025 .

If the pair returns within the descending channel by retreating below 1.0900, buyers could hesitate. In that scenario, 1.0860 and 1.0820 could be set as next bearish targets.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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