EURUSD 4H Analysis
EUR/USD is holding near a key support zone after the recent pullback and showing early signs of recovery. The broader bullish trend remains intact, though short term selling pressure was seen earlier.
Bias:
Stability around the Strait of Hormuz and softer US PPI data are weighing on USD strength. This supports a bullish outlook for EUR/USD while price holds above support.
Key Levels:
R1: 1.1810
R2: 1.1885
S1: 1.1590
S2: 1.1505
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