EURUSD – Why the Bulls Will Explode in the Coming DaysEUR/USDOANDA:EURUSDParadise_NoirLooking at the market right now, there’s no denying that EURUSD is in a "heating up" phase. After a series of macroeconomic news that caused the USD to lose momentum, the euro has seized the opportunity to shine and break out powerfully. The Fed scaling back its interest rate hike expectations, along with weakening signals from the U.S. economy, has created a pivotal turning point for EURUSD, opening up a huge opportunity for the bulls. Looking at the chart: EURUSD has decisively broken through the important resistance level at 1.1600, with no signs of slowing down. The 1.1560 support level now acts as a solid launchpad for the price to continue its upward journey. The strong "higher lows" structure is gradually forming, showing that the bulls are in full control, and each current pullback is simply an opportunity for traders to enter. What lies ahead? The 1.1650 level will be the next key point to watch, where a strong resistance test is likely. If EURUSD continues to maintain this upward momentum, the path towards 1.1700 is very much achievable.