EURUSD Next possible move

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EURUSD
Title
"EUR/USD Intraday Analysis: Buy Bias Continues | Pre-NFP Setup"

Market Context
"EUR/USD extended its recovery today, maintaining bullish momentum after bouncing from key support near 1.0500. The pair is attempting to hold above intraday levels, with buyers stepping in cautiously ahead of tomorrow's high-impact NFP report."

Technical Analysis
*"Today’s buy bias is supported by strong technical signals:

Price Action: Higher lows on the H1 chart, indicating bullish structure intact.
EMA Confirmation: Price remains above the 20 EMA, signaling ongoing short-term upside momentum.
RSI: Trending upwards, now above 55, suggesting increasing bullish strength.
MACD: Positive divergence on lower timeframes aligns with bullish continuation potential.
Key Levels:

Immediate Resistance: 1.0550. A break above this could target 1.0580 and 1.0600.
Support: 1.0510. A drop below could invalidate the bullish outlook."*
News Context
"Upcoming: U.S. NFP report tomorrow will likely dictate market sentiment.
Previous: Strong U.S. GDP figures earlier in the week strengthened the dollar, but current price action hints at consolidation ahead of the data."

Call to Action
"Are you on the buy side for EUR/USD too, or do you foresee bearish pressure returning? Let’s discuss!"

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