The H3 chart of EUR/USD shows the price approaching a crucial support level around 1.10300 USD, a zone that has held firm previously and may trigger an upward move if unbroken.
The 20 SMA is currently exerting downward pressure, but if the support holds, a short-term recovery is possible.
The price is also trading near the lower Bollinger Band, indicating the potential for a bounce from this support level.
Traders might consider buying near the 1.10300 USD support if clear reversal signals emerge.
Market sentiment for EUR/USD is still influenced by economic and political factors from both the Eurozone and the U.S.