​📈 Market Analysis: EUR/USDC Monthly Outlook

The EUR/USDC pair is showing some interesting price action on the monthly timeframe. After hitting a significant low around 1.0169, the pair has established a steady recovery phase.

​Key Observations:

​Current Price: 1.1733 (+0.12%)

​Trend: The price is currently trading above its major Moving Averages (MA 7 and MA 25), suggesting that the medium-term momentum is shifting in favor of the bulls.

​Volume: We are seeing a healthy consistency in volume as the price climbs, which validates the current upward move.

​Resistance & Support: * Resistance: The psychological level of 1.2000 remains the next major target for buyers.

​Support: Immediate support is seen around the 1.1187 zone (MA 25).

​💡 Trading Sentiment:

​The overall structure looks positive as long as the price stays above the 1.1200 handle. However, traders should watch for potential consolidation near the 1.1800 level before the next leg up.

​What’s your take on the Euro's performance? Are we heading for 1.20? Let’s discuss in the comments! 👇

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