Long EURUSD 17.07.2026Euro vs US DollarICMARKETS:EURUSDLCFXproBias: Bullish Fundamental: The recent U.S. data has been mixed. Softer inflation (CPI/PPI) initially weighed on the USD, but stronger labor market resilience and expectations that the Fed will remain patient have prevented a sustained dollar selloff. As a result, EURUSD is trading back inside its recent consolidation range rather than establishing a new trend. Until a fresh macro catalyst emerges, price is likely to respect key technical levels. Technical: Price has retraced back into a well-defined H1 demand/support area around 1.1435–1.1445, where buyers have repeatedly stepped in over the past several sessions. The current setup shows price attempting to reclaim the lower boundary of the previous resistance zone (now acting as support). A successful hold above this level opens the door for another test of the 1.1465–1.1475 resistance area. Entry: 1.14435 SL: 1.14285 TP: 1.14735 Confirmation: Daily and H4 structure remain broadly range-bound with a slight bullish intraday bias. Price is holding above the recent H1 support and reclaiming previous consolidation highs. Multiple rejections below 1.1440 suggest buyers are defending the area. RSI is turning higher from the mid-range, indicating improving bullish momentum without being overbought. Risk-to-reward favors a continuation toward the upper boundary of the range. ⚠️ Invalidation: A decisive H1 close below 1.1435 would invalidate the bullish setup and suggest sellers are regaining control, increasing the probability of a move toward 1.1420 or lower. Trade Idea: Buy from the H1 support/retest zone while price remains above 1.1435, targeting a continuation toward the 1.1465–1.1475 resistance area. This is a range-continuation trade, not a trend breakout, so consider taking profits near resistance unless price breaks and closes above the range with strong momentum.