EURUSD Breaks Higher – Can Bulls Extend the Rally Above 1.1700?EUR/USDOANDA:EURUSDYong726Market Structure The market remains in a clear short-term uptrend. After an impulsive breakout, price has entered a healthy consolidation phase rather than showing signs of a bearish reversal. This suggests the current move is more likely a pause within the trend. Resistance First Resistance: 1.1695–1.1710 This is the recent swing high and the first barrier buyers need to overcome. Second Resistance: 1.1725–1.1750 A successful breakout above the recent high could expose this next resistance zone. Support First Support: 1.1655–1.1670 The recent breakout area, which should act as the first line of support if buyers remain in control. Second Support: 1.1615–1.1635 If the first support fails, this area becomes the next important demand zone to watch. Market Sentiment Market sentiment remains cautiously bullish. The recent breakout has improved confidence among buyers, but after a strong rally, traders are becoming more selective. Holding above key support will likely be more important than chasing prices higher. Please share your view below: Do you think EURUSD is ready to break above 1.1700 and continue its uptrend? Or will the current consolidation develop into a deeper correction? Feel free to share your thoughts in the comments.