EURUSD continues to hover near 1.1610, showing hesitation but still holding onto its broader uptrend.
After pulling back from the 1.1820 resistance zone, price is now sitting right above its rising trendline support and balancing between mixed fundamental cues, softer U.S. yields give the euro breathing room, but European growth concerns continue to cap upside momentum.
On the daily chart, the structure remains constructive as long as EURUSD holds above the 1.1590–1.1600 region. The 50-day SMA is still above the 200-day, though momentum has flattened, suggesting a slowdown rather than a reversal.
Key resistance remains 1.1685, followed by the major barrier at 1.1820, where sellers previously stepped in aggressively.
A break above 1.1820 would signal renewed bullish continuation toward 1.2250.
On the weekly chart, EURUSD is still trending higher from its 2025 recovery lows.
However, upside progress has stalled under 1.1820, forming a short-term ceiling. If price loses 1.1590 support on a weekly closing basis, the next downside levels open at 1.1395, then 1.1128, without breaking the long-term bullish structure.
My Takeaway:
This is a make-or-break zone. Above 1.1590 = buyers still alive. Below it = deeper correction likely. For now, I’d wait for either a clean reclaim of 1.1685 (bullish continuation) or a breakdown below 1.1590 (corrective move toward 1.1395). No need to guess, let price confirm direction first.