EURUSD Tests Resistance After Strong Recovery

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.