$EUR The EUR/USDT pair is currently maintaining a steady stance at 1.1775. Over the last 10 days, the pair has recovered from a monthly low of 1.1693 (hit on May 4th), representing a solid bounce-back of approximately 0.7%.
Technical Breakdown
Trend Status: Short-term Bullish Recovery. The price action over the last 48 hours shows a series of higher lows, moving from 1.1731 to the current 1.1775 range.
Volatility: Intraday volatility is moderate. The price peaked at 1.1795 on May 8th and is currently consolidating just below that local resistance.
Momentum: The 1-hour and 4-hour charts suggest a "Buy" sentiment as the price holds above the mid-range of its recent trading channel.
📈 Analysis of Key Levels