Eurousd technical analysis.

This is a EUR/USD (Euro to US Dollar) trading chart on the 1-hour timeframe from TradingView. The price is currently at 1.09228, showing an increase of +0.40%.

Key features in the chart:

A purple zone around the 1.09000 level, likely indicating a support or resistance area.

An ascending trendline suggesting an uptrend.

Two blue arrows forecasting possible price movements:

1. A minor retracement towards the trendline and support zone.


2. A continuation to the upside after the retracement.




This analysis suggests a bullish expectation for EUR/USD, with price potentially pulling back before continuing upward. Let me know if you need further insights!