The bias remains bullish after failing to stay below the pivot point. The upper median line (UML) represents a dynamic resistance. The US data could shake the markets later today. The EUR/USD price is trading in the green at 1.0830 at the time of writing. The bias remains bullish despite a temporary retreat. Yesterday, the Euro received a helping hand from the Eurozone and German ZEW Economic Sentiment data. The economic indicators came in better than expected. –Are you interested to learn more about low spread forex brokers? Check our detailed guide- Still, the USD took the lead again in the US trading session even though the Empire State Manufacturing Index came in worse than expected at -32.9 points versus -8.7 points expected. Fundamentally, the Canadian inflation data greatly impacted the financial markets. The Consumer Price Index dropped by 0.6%, as expected. Today, the US is to release high-impact data. Retail Sales may drop by 0.8%, Core Retail Sales could report a 0.5% drop, and PPI is expected to fall by 0.1%, while Core PPI should register a 0.1% growth. In addition, Industrial Production and Capacity Utilization Rates will be released. Better than expected, US data should lift the greenback. This scenario indicates the EUR/USD pair sell-off. The EUR/USD pair could react after the Eurozone Final CPI and Final Core CPI data. Get FREE Forex Signals Now! EUR/USD price technical analysis: Bouncing off the support EUR/USD price The currency pair failed to take out the 1.0780 or stabilize below the weekly pivot point of 1.0780, signaling that the buyers are still in the game. It continues to move sideways between the 1.0867 and 1.0780 levels. –Are you interested to learn more about forex signals? Check our detailed guide- Only a valid breakout from this range could bring us great trading opportunities. Now, it could approach and reach the descending pitchfork’s upper median line (UML), which stands as a dynamic resistance. It has failed to stabilize above this obstacle in the last attempts, so it remains to see how it reacts around this line. A valid breakout through it and a new higher high signals further growth. On the contrary, staying below the upper median line (UML) and making a new lower low activates a downside movement. Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Olimpiu Tuns Olimpiu Tuns Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms. View All Post By Olimpiu Tuns EUR/USD Daily share Read Next USD/JPY Forecast: BOJ Defies Policy Tweaks Expectations Saqib Iqbal 1 week The bias remains bullish after failing to stay below the pivot point. The upper median line (UML) represents a dynamic resistance. The US data could shake the markets later today. The EUR/USD price is trading in the green at 1.0830 at the time of writing. The bias remains bullish despite a temporary retreat. Yesterday, the Euro received a helping hand from the Eurozone and German ZEW Economic Sentiment data. The economic indicators came in better than expected. –Are you interested to learn more about low spread forex brokers? Check our detailed guide- Still, the USD took the lead again in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.