EUR/USD demonstrates a recovery attempt

On the hourly chart, the EUR/USD pair demonstrates an attempt to recover after a period of decline, overcoming the MA (200) H1 moving average and holding above it, which indicates a moderate strengthening of bullish sentiment. The price approached the resistance level of 1.1535, but has not yet been able to confidently break through it, which indicates local consolidation. The MACD indicator is in a positive zone, and the histogram maintains an upward trend, confirming the presence of a buying impulse. The nearest support is formed at 1.1445, followed by 1.1405. In case of a breakdown of the 1.1535 resistance, growth in the direction of 1.1580 and above is possible. The overall picture indicates a moderate recovery of the pair with the potential for further growth while maintaining support above the moving average.

Resistance levels are: 1.1535, 1.1580, 1.1615-30

Support levels are: 1.1445, 1.1405, 1.1355-70

The main scenario for the pair's advance suggests a breakout of the session high of 1.1535 (June 18 high) and there may be an increase to 1.1580 (June 17 high)

An alternative scenario implies a breakout of the support 1.1445 (June 19 low) and there may be a decline to 1.1405 (June 11 low).