EURUSD | Bullish continuation & upside potentialEUR/USDOANDA:EURUSDYOUSUF-ANALYTICSEURUSD | Bullish continuation & upside potential Fundamental The euro is receiving support from expectations that the ECB may maintain a relatively hawkish stance, while uncertainty around the Fed’s forward guidance is limiting further dollar strength. This divergence could continue to provide a supportive backdrop for EURUSD, provided dollar demand remains subdued. Technical EURUSD remains constructive while price holds above the 1.16337 support zone. A sustained move above 1.17200 would strengthen the bullish structure and could open the path toward 1.17500. SMC View From an SMC perspective, the current structure favors accumulation above key demand/support. A liquidity sweep below 1.16337 followed by a strong bullish displacement could provide confirmation for continuation. The 1.16000 area is the next important liquidity/support zone. This move is supported by • Expectations of a persistent ECB hawkish stance • Reduced confidence in further USD strength • Holding above key support • Bullish market structure and demand interest • Potential liquidity accumulation before continuation higher Trading Scenario Bullish scenario: If EURUSD holds above 1.16337 and breaks 1.17200 with strong momentum, the next upside targets are 1.17500 and potentially higher. Pullback scenario: A liquidity sweep toward 1.16337–1.16000 followed by bullish rejection could offer a potential continuation setup. Invalidation A sustained break below 1.15500 would invalidate the bullish setup and indicate a possible shift toward a deeper bearish correction. Key Levels to Watch Resistance: 1.17200 | 1.17500 Support: 1.16337 | 1.16000 Bullish invalidation: 1.15500 Risk Management Avoid chasing breakouts. Consider waiting for confirmation around key levels, use appropriate position sizing, and define risk before entering any trade. Targets should be managed progressively as price approaches resistance. Disclaimer This analysis is shared for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk carefully.