Key TakeawaysU.S. yields continue to fall after the Fed’s rate cut, reinforcing a dovish market tone and weighing heavily on the USD.EURUSD extends higher, breaking multiple technical resistance levels, including the Oct. 17 swing high and the 61.8% retracement.USD broadly weaker, down against every major currency except AUD; EUR is one of the strongest movers at +0.52% vs USD.Upside targets emerge at the 1.1779–1.1788 swing zone, with risk defined by the 1.17274 breakout level and rising short-term MAs.5-minute trend structure remains bullish, with buyers defending the rising 100- and 200-bar MAs.Fed Cut Sparks Renewed USD Selling as Yields SlideThe Federal Reserve’s 25-bp cut and the market’s dovish interpretation continue to ripple through U.S. fixed-income markets today. Yields across the Treasury curve are extending lower, adding pressure to the USD:2-year: 3.515% (–4.9 bps)5-year: 3.697% (–5.7 bps)10-year: 4.119% (–4.4 bps)30-year: 4.769% (–2.6 bps)With yields falling in unison, the USD is weakening sharply, trading lower against nearly all major currencies. The dollar is higher only against the AUD (+0.10%), while its 0.52% decline vs the EUR makes EURUSD one of the strongest movers of the day.EURUSD Breakout: Technical Structure Turns Decisively BullishToday’s EURUSD price action began with a pullback following yesterday’s sharp Fed-driven breakout. The decline tested last week’s high near 1.1681, where buyers re-entered. That rebound propelled the pair above the 50% midpoint of the September–October range at 1.16929, opening the door for a continuation move.Momentum extended further as EURUSD:Broke the Oct. 17 swing high at 1.17274Cleared the 61.8% retracement at 1.17461Printed a session high at 1.1759, before rotating slightly to 1.1753These breaks confirm strengthening bullish control and shift the focus toward the next major resistance band.Upside Targets and Key Resistance ZonesWith bullish momentum firm, the next topside levels for traders to watch include:1.1779–1.1788: A key multi-touch swing areaAbove 1.1788: Opens the door to a more accelerated upside extensionAs long as the pair holds above the 61.8% level (1.17461) and, more importantly, above the Oct. 17 swing high at 1.17274, buyers remain firmly in control.Short-Term Trend Support: 5-Minute Chart Levels to WatchThe short-term trend remains bullish, supported by rising moving averages:100-bar MA: 1.1719 (approaching the 1.17274 breakout level)200-bar MA: 1.17065During the Asian-Pacific session, EURUSD dipped toward the rising 200-bar MA, where buyers defended support, launching the next leg higher into the European and North American sessions.For sellers to gain meaningful traction, price would need to:Break below the 100-bar MABreak below the 200-bar MAStay below both to shift intraday momentumA move under those moving averages would be the first sign that buyers are losing short-term control.Conclusion and Video CommentaryIn the video above, I (Greg Michalowski, author of Attacking Currency Trends) walk through the EURUSD technical landscape, identify the precise risk parameters traders should monitor, and outline the next upside and downside targets that matter most.Be aware. Be prepared. This article was written by Greg Michalowski at investinglive.com.