EUR/USD rebounds from 1 (100%) support Arc. Potential advance toward 1.1258

Mohamad Gharib Independent Analyst

Overview

Based on Arc Cycle Analysis applied to the 4h chart, Euro/U.S. Dollar has rebounded from the 1 (100%) Support Arc within the current Arc Cycle. The rebound confirms a bullish reaction and opens the potential for continued movement higher, toward 1.1258.

Market outlook

Price has rebounded from the 1 (100%) Support Arc, confirming that the Arc continues to provide support within the current Arc Cycle. Continued bullish momentum could drive price toward 1.1258.

Conversely, a sustained 4h close below 1.1216 would invalidate the bullish scenario and could reopen the path toward the next Support Arc.

Author

Mohamad Gharib

Independent Analyst

Mohamad Gharib is a Financial Markets Analyst and Quantitative Researcher with more than 18 years of experience in financial markets, including 15 years as an FX Quant Trader.

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