EURUSD is holding a bullish consolidation below resistance

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EURUSD is holding a bullish consolidation below resistanceEuro vs. US DollarFX:EURUSDMR_GOLD_12EUR/USD is currently reacting at a significant technical level where a long-term descending trendline intersects with a key supply zone around 1.1430-1.1450. The recent rally has also encouraged short-term traders to take profits, while institutional participants are waiting for fresh economic catalysts before increasing exposure. At the same time, uncertainty surrounding upcoming U.S. economic data and expectations for the Federal Reserve and the European Central Bank is keeping price action cautious. If buyers can break and close above the descending trendline with strong momentum, EUR/USD could extend its rally toward 1.1500 and potentially 1.1560. However, if sellers continue to defend this resistance, the pair may retrace toward 1.1400-1.1370 to gather liquidity before attempting another move higher. You may find more details in the chart, Trade wisely best of luck buddies. Ps; Support with like and comments for better analysis Thanks for Supporting.