EURUSD: Momentum Shifts to Buyers

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EURUSD: Momentum Shifts to BuyersEUR/USDOANDA:EURUSDParadise_NoirEURUSD is currently leaning bullish in the short term, supported by an improving technical structure and a macro backdrop that is beginning to favor the euro. From a fundamental perspective, the U.S. dollar is under pressure as markets remain cautious ahead of U.S. inflation data, while expectations for a hawkish ECB continue to support the euro. This divergence in policy expectations could help EURUSD maintain its short-term strength. Technically, EURUSD has broken above the descending trendline and is now trading above the Ichimoku Cloud. The 1.1604–1.1610 area remains a key support zone, while 1.1637 is the nearest resistance that needs to be cleared to confirm stronger bullish momentum. If price holds above support and breaks firmly above 1.1637, I expect EURUSD to extend toward 1.1653–1.1660. A break below 1.1604, however, would weaken the current bullish outlook. Bias: Bullish | Support: 1.1604–1.1610 | Target: 1.1653–1.1660 Buyers have the advantage, but 1.1637 is the real test. Can EURUSD break through and open the door to 1.1660?