EUR/USD Compression at a Key Decision Zone | Bullish StructureEuro vs United States DollarTICKMILL:EURUSDMR_GOLD_12EUR/USD is currently trading around 1.1638, repeatedly pushing back toward the upside despite several rejections. The reason the pair continues to attempt higher levels is visible in the structure: There is a fundamental reason behind the recent strength as well. Markets are heavily focused on the ECB meeting, with expectations for a 25-basis-point ECB rate hike to 2.50% and the possibility that the ECB keeps a hawkish tone because renewed energy-price inflation is becoming a concern. At the same time, the market is uncertain about the Federal Reserve's next move. U.S. PPI is due today and CPI tomorrow, immediately ahead of the September 15–16 Fed meeting. That uncertainty has prevented the dollar from establishing a strong directional move. The key area to watch is 1.1630–1.1640. A sustained break above this zone and the descending trendline could open the way toward 1.1670, with 1.1680+ becoming the next potential upside area. On the other hand, if price is rejected again, the important downside levels are 1.1620 and 1.1609. A clean break below 1.1609 would weaken the current bullish structure and could expose 1.1585. Hope you found this analysis helpful. 👍 Like, Comment & Follow for more updates.