EUR/USD Technical analysis

Source: Dukascopy Bank SA
After a brief period of sideways movement, the FX pair is showing fresh bullish momentum, pushing the price near the 1.16300 level. This suggests that buyers are gaining strength again after a phase of indecision in the market. The recent consolidation acted as a base, and now the price is approaching a key resistance zone at 1.16300. This move may be supported by positive economic news, central bank signals, or improved market sentiment. If the pair breaks above 1.16300 with strong momentum, it could continue to rise toward higher levels.



The recent consolidation acted as a base, and now the price is approaching a key resistance zone at 1.16300. This move may be supported by positive economic news, central bank signals, or improved market sentiment. If the pair breaks above 1.16300 with strong momentum, it could continue to rise toward higher levels.
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