EUR/USD: Holding 1.16500 to Sustain the UptrendEUR/USDOANDA:EURUSDEmmaChartistHello everyone, The EUR/USD pair is currently trading around 1.16788, showing a slight rebound after a pullback from recent highs. Following a strong rally, the Euro is now testing a crucial zone, but the broader outlook remains supported by both technical and fundamental factors. On the chart, the 1.16500 level is acting as a key support, aligning with previous Fair Value Gaps (FVG). As long as price holds above this mark, EUR has a chance to rebound and retest the resistance at 1.17000. A decisive break and sustained move above 1.17000 could unlock further targets towards 1.17500–1.18000. Signals from the Ichimoku Cloud are also reinforcing the bullish bias, as price continues to trade above the Kumo. From a news perspective, market attention is turning to this week’s PCE inflation data from the US – a critical metric closely monitored by the Federal Reserve. Stronger-than-expected figures could strengthen the USD and weigh on EUR/USD, while weaker data would support a Euro rebound. Meanwhile, policy updates from the ECB remain equally important: any supportive measures from the central bank may help to ease downside risks for the Euro. In the short term, I expect EUR/USD to retest 1.16500 before finding momentum to bounce back. The uptrend remains intact as long as this support holds. What do you think – will EUR/USD manage to hold above 1.16500 and aim higher?