EURUSD continues recovering from recent lows and is now approaching an important resistance zone. Momentum remains positive in the short term, but buyers need a confirmed breakout to extend the move higher.
Bullish scenario:
- A breakout above recent highs could strengthen bullish momentum and open the way toward higher resistance levels.
- Sustained buying pressure may support continuation of the current recovery trend.
Bearish scenario:
- Rejection from resistance could trigger another pullback toward support levels.
- A stronger US dollar may increase downside pressure.
Key levels to watch:
- Support: recent swing low area
- Resistance: local highs and short-term breakout zone
Market structure remains cautiously bullish while price stays above near-term support.
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