Market Overview The EUR/USD has rebounded significantly from a low of 1.0342 due to a weakening US dollar. However, the upward momentum may face resistance in the near term, capping its gains. Key Levels Resistance Zone: 1.05 (initial resistance), 1.0550 (higher resistance). Support Zone: 1.0330–1.0300. Trading Strategy Entry Levels: Sell near the upper boundary of the 1.05–1.035 range. Stop Loss: Place a stop-loss at a decisive 30-point break above the range. Target Levels: Aim for the lower boundary of the range. Outlook While the EUR/USD may see further short-term gains, the resistance at 1.05 and 1.0550 is expected to limit upside momentum. The broader downside movement is likely to remain confined to the 1.0330–1.0300 region.