Best Entry Points for EUR/USD on the Daily Timeframe

The EUR/USD pair has rebounded after bouncing from daily demand zones and breaking the downtrend line shown on the chart.

The pair has also established strong new buying zones on the daily timeframe, which are currently considered key buying opportunities.

Expected Zones

Currently, the new buying demand zones near 1.1560 are among the best buying points for the pair. If these zones are tested, we expect to see a renewed upward move in the medium term.

However, if the pair continues its upward trend, it is expected to target the supply zones near 1.17760, which are currently key selling points. A break of this level could lead to a short-term, and possibly medium-term, correction.

The identified zones are considered the most important expected reversal points. However, caution is advised when trading, and careful money management is essential.