Euro Breakout Pending Ahead of Fed / ECBEuro / U.S. DollarFOREXCOM:EURUSDFOREXcomEUR/USD rebounded off confluent support last week at 1.1667/82- a region defined by the March 10 swing high, the 200-day moving average, and the 38.2% retracement of the March advance. Note that basic channel support converged on this threshold last week. The pair exhausted into yearly open resistance into the start of the week at 1.1745 and the immediate focus is on a breakout of this range for guidance. Key resistance remains unchanged at 1.1814/26- a region defined by the 1.618% extension of the March advance, the March high, and the 61.8% retracement of the January decline. A breach / daily close above this threshold is needed to mark uptrend resumption towards the 2025 swig high at 1.1919. A break below this key support zone would invalidate the March uptrend and threaten a drop towards the January low close & the 100% extension of the January decline at 1.1598-1.1612. Look for a larger reaction there IF reached. Bottom line: A rebound off key support takes Euro into yearly open resistance. From a trading standpoint, the immediate focus is on a breakout of the 1.1667-1.1745 zone for guidance with a close above 1.1826 ultimately needed to mark uptrend resumption. Fed & ECB on tap. -MB