The euro has returned to its uptrend

The EURUSD pair has a good uptrend today, but is still trading below the 1.022 resistance. The short-term trend of the euro against the US dollar is neutral. That is, the market is suffering.

From the buyers’ point of view, the break of 1.022 resistance can be a confirmation of the formation of the price floor at 1.0756. In this case, the short-term EURUSD trend will rise to the resistance of  1,1184.

Conversely, if the EURUSD falls below the 1.0756 support, the euro will decline against the dollar.

* Technical H4 analysis of EURUSD

* Technical daily analysis of EURUSD