EUR/USD shows an upward trend

On the hourly chart, the EUR/USD pair is showing an upward trend, confidently approaching the resistance level of 1.1360. After a short-term correction near 1.1310, the price resumed its growth and is currently trading around 1.1355, having strengthened above the important support zone. The overall upward momentum is confirmed by the MACD indicator, which is in a positive zone and shows an increase in bullish momentum - the histogram is growing, and the MACD line has crossed the signal line from bottom to top. This indicates the continued customer interest.

It is also worth noting that the price is significantly higher than the MA (200) H1 moving average, which further confirms the predominance of the uptrend in the short term. In general, the technical picture remains favorable for the bulls, while the key benchmark is the price behavior near the current resistance.

Resistance levels are: 1.1360, 1.1380, 1.1430

Support levels are: 1.1310, 1.1255, 1.1220

The main scenario for the pair's advance assumes a breakout of the resistance levels of 1.1360 (May 21 high), an increase to 1.1380 (May 2 and 6 high) and then maybe to 1.1430 (April 28-29 high) 

An alternative scenario implies a breakout of the low of the European session 1.1310 and there may be a decline to 1.1255 (May 22 low)