Saad Ullah
EUR/USD has recently seen a strong upward movement, attracting the attention of traders and analysts alike. According to the latest chart data and commentary from market watchers, the pair has reached a crucial resistance area defined by the 6-month SAR (Stop and Reverse) levels. As the price approaches the 1.1790–1.2050 zone, traders are now watching closely for signs of a potential correction or reversal.
EUR/USD Approaches Major Resistance
The EUR/USD pair has reached the lower bound of its 6-month Stop and Reverse (SAR) resistance band. The current price sits at 1.17798, just below the key range between 1.1790 and 1.2050. As this level historically acts as resistance, traders may be preparing for a potential pullback.
New SAR Levels Incoming
That updated SAR levels are expected tomorrow. With fresh data possibly reshaping key levels, market participants should monitor the upcoming changes closely. If the EUR/USD price fails to break above the 1.2050 ceiling, a short-term retracement could follow, especially after the strong bullish candle seen in the latest chart.
Conclusion
The EUR/USD pair is showing strength but now faces a well-defined resistance zone. With new SAR levels on the horizon, the market may soon decide whether to break out or correct downward. For now, traders are advised to watch the 1.1790–1.2050 band closely for signs of price action and volume response.
Saad Ullah
