EURUSD Chart Technical Outlook

EURUSD Chart Technical Outlook trades north toward 1.0875 on upbeat NVDA reports

EUR/USD completed a three-wave corrective structure last week and bounced higher. Prices have broken above the falling trendline.

The USD is under pressure as market sentiment improved on a strong earnings report from Nvidia. The Eurozone and US PMI data are due later today.

I expect more gains toward 1.0875. If broken, 1.0930 would be the following barriers. Supports are located at 1.0780 and 1.0725.

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