RBFX Support Posted 3 hours ago Author Report Share Posted 3 hours ago EURUSD poised for reversal: outcome depends on meeting in Brussels Ahead of the Eurogroup meeting, the EURUSD pair may complete its correction and head towards the 1.1330 resistance level. Discover more in our analysis for 12 May 2025. EURUSD technical analysis On the H4 chart, the EURUSD price has formed a Shooting Star reversal pattern near the upper Bollinger Band. The pair is currently undergoing a downward wave in response to this signal. However, since quotes remain within the ascending channel, they could climb to the nearest resistance level at 1.1330 after the correction. With the Eurogroup meeting as today's main market driver, the outlook for EURUSD appears optimistic. Read more - EURUSD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team Quote Link to comment Share on other sites More sharing options...
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