The EUR/USD pair is showing positive performance during today’s trading session, moving in an upward trend supported by stability above the key pivot level at 1.18000.
This level represents an important technical point that controls short-term price direction. Holding above it strengthens the chances of further gains. If bullish momentum continues, the pair is expected to move toward 1.18500 as a first target, followed by 1.19000 as the next resistance level.
In the alternative scenario, if the price fails to remain above 1.18000 and reverses direction, a decline toward 1.17500 may occur, followed by 1.17000, indicating a temporary correction.
Overall, the bullish outlook remains favored as long as prices stay above the 1.18000 pivot level, with expectations of a retest of 1.18500 during the day.
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