Stay 
Trading Conditions
Products
Tools
The EUR/USD pair is trading in the red at 1.0897 on the H1 chart at the time of writing. The bias remains bullish despite temporary retreats. The price could come back to test and retest the near-term support levels. DXY rebounded a little, that's why the USD appreciated.
Still, today the fundamentals could drive the price. It remains to see how it reacts after the Advance GDP will be released. The indicator is expected to register a 2.6% growth, while Advance GDP Price Index could report a 3.2% growth less versus the 4.4% growth in the previous reporting period. New Home Sales, Core Durable Goods Orders, Durable Good Orders, and Unemployment Claims should bring strong action as well.
Technically, the rate found resistance at 1.0926 again and it has failed to stay above the weekly R1 (1.0910). Now, it's almost to hit the uptrend line. This stands as dynamic support.
As long as it stays above it, the EUR/USD pair could still resume its growth. You already know from my analyses that, the rate was expected to extend its upwards movement after escaping from the extended range.
Testing and retesting the uptrend line followed by a bullish closure above 1.0926 is seen as a buying signal.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
