Euro Dollar Bullish OutlookEuro / U.S. DollarFOREXCOM:EURUSDATFX_Global📊 Technical Structure EUR/USD is consolidating around 1.1840 after pulling back from fresh four-year highs near 1.1879. The chart highlights a bullish continuation setup, with price currently testing the mid-range and eyeing a potential rebound from the support zone 1.1805 – 1.1790. A sustained break above 1.1874 resistance could open the path toward 1.1880+. 🎯 Trade Setup Entry: 1.1805 – 1.1795 (near support zone) Stop Loss: 1.1790 (below support) Take Profit: 1.1875 / 1.1880 (resistance zone) Risk/Reward: ~1 : 4.96 🗝️ Key Technical Levels Resistance Zone: 1.1875 – 1.1880 Support Zone: 1.1805 – 1.1795 Major Resistance Above: 1.1900 psychological barrier 🌐 Macro Background The euro remains strong despite softer-than-expected Eurozone inflation, as traders focus on the Fed’s policy pivot. Markets widely expect a 25 bps Fed cut later today, with the possibility of one or two additional cuts before year-end. While weaker US labour data reinforces dovish Fed expectations, the risk remains that Powell could strike a less dovish tone, which might trigger short-term USD strength. In Europe, the ZEW sentiment rebound and steady industrial output offer modest support for the euro. 📌 Trade Summary EUR/USD shows a bullish bias as long as it holds above 1.1800, with upside targets at 1.1875–1.1880. Watch for volatility during the Fed decision and Powell’s press conference, as a less dovish outcome could spark a pullback before any continuation higher. ⚠️ Disclaimer This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.