The EUR/USD currency pair continues to exhibit a bullish uptrend, with the price having already experienced a rebound within the range of 1.09500 to 1.09800. Currently, our focus lies in this specific zone, as we anticipate a pullback that would retest the area around 1.08600. Such a pullback could potentially pave the way for a new bullish impulse, indicating a fresh wave of upward movement in the pair.
Note
EUR/USD trades in a narrow channel at around 1.0900 on Monday, following the sharp decline seen late last week. In the absence of high-tier macroeconomic data releases, the cautious market stance is likely to continue to weigh on the pair. We are looking for Short continuation. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.