UPDATE - EUR/USD Holding Support, Upside Still on the Cards

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UPDATE - EUR/USD Holding Support, Upside Still on the CardsEuro / United States DollarCMCMARKETS:EURUSDBluetonaFXHi Everyone, A quick update on the idea shared earlier this week — we’re still looking for the Fiber to attempt a move toward the 1.17889 resistance. Yesterday’s dip found support between the 1.15880–1.16180 zone, which could provide the base for another push toward the upside target. That said, a deeper retracement toward the 1.15200 zone may still be required to attract fresh buying interest and cannot be ruled out. The impulsive rally from the 1st August low continues to reinforce our bullish outlook on EUR/USD. Our broader view remains unchanged: we expect the pair to continue building momentum for another leg to the upside. A decisive break above 1.17889 would open the path toward the 1.18350–1.19290 zone, and ultimately the 1.20000 handle. We’ll be monitoring price action closely to see whether this recovery gains traction and if buyers can sustain momentum through resistance. The longer-term outlook remains bullish, provided price continues to hold above the key support levels. We’ll keep updating you throughout the week as the structure develops and share how we’re managing our active positions. Thanks again for all the likes, boosts, comments, and follows — your support is truly appreciated! All the best for the rest of the week. Trade safe. BluetonaFX