Best Buy and Sell Zones for the EUR/USD Pair

The EUR/USD pair is moving in a strong upward trend, driven by the recent weakness of the US dollar against most currencies.

The EUR/USD pair has reached a mid-term retracement zone on the daily timeframe, with a potential rebound soon.

Best Buy and Sell Zones

Currently, we might see some corrective pullbacks if any sell signals appear on timeframes such as the 4-hour chart. However, a break above the current supply zones and a continuation of the upward movement towards the next level, near 1.1783, is still expected. This level is currently considered the best selling point.

On the other hand, in the event of a correction and pullback, we might see a test of the buy demand zone near 1.1615, which is currently considered one of the best buying points. A break below this level is expected to lead to a resumption of the upward trend.