EUR/USD Bearish-to-Bullish Trend Reversal Amid Key Support Levels Early this morning, I entered a bearish EUR/USD trend after noting weakness in the euro due to recent economic data out of Europe. The euro had been declining as traders reacted to softer German retail sales figures and lower-than-expected Eurozone inflation data, which pressured the EUR/USD pair downward. My analysis pointed to key support levels around 1.0785, where I anticipated that buyers might step in. As the pair neared this support, I looked for confirmation of a potential reversal. Volume data and RSI indicated that bearish momentum was fading, and sure enough, the pair found stability near 1.0785 before starting to push upward. This change in momentum aligned with some optimism around U.S. economic uncertainty ahead of the non-farm payroll (NFP) report, which created some USD softness. I adjusted my position, switching to take advantage of the bullish reversal, which allowed me to capture solid gains as the pair moved up towards the 1.0850 zone. It was a satisfying trade that reinforced the value of support/resistance analysis and monitoring fundamental catalysts, especially during periods of heightened economic data release. #WikiEXPO2024 #TradingAnalysis #PortfolioInvestment