EURUSD: Buyers Hold Momentum, Targeting 1.1585EUR/USDOANDA:EURUSDNira_raEURUSD is maintaining a short-term bullish structure following a strong rebound from the 1.1520–1.1530 zone. Although the price is currently consolidating below the overhead supply zone, the ability to consistently hold the 1.1550 level indicates that buying pressure remains present in the market. On the macro front, the USD continues to be weighed down by weak US labor data and expectations of a less hawkish Federal Reserve, thereby providing a short-term advantage for EURUSD. My preferred scenario is for the price to hold above 1.1550 and then push toward the 1.1575–1.1585 zone. A breakout above this supply area could pave the way for further gains.