EURUSD Break Above 11650 Could Target 11780

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EURUSD Break Above 11650 Could Target 11780EUR/USDOANDA:EURUSDJohn_IsigeThe euro is gaining support as markets increase expectations for a more hawkish stance from the European Central Bank, while the US dollar remains under pressure amid shifting Federal Reserve rate expectations and geopolitical uncertainty. EUR/USD is currently trading near 1.1603 and remains above the support zone of the ascending channel. A confirmed breakout above 1.1650 could strengthen bullish momentum and open the way toward 1.1780. The bearish scenario would become relevant if the pair breaks below 1.1570. In this case, EUR/USD could decline toward 1.1440. Support: 1.1570, 1.1440 Resistance: 1.1650, 1.1780