Euro / U.S. Dollar
Long
Updated

EURUSD short-term bullish outlook

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Hello traders, what are your thoughts on the EURUSD trend?

EURUSD is currently holding its uptrend within a rising channel, with key support around 1.1600 and a potential upside target near 1.1800.

The rising channel structure and stable 34 and 89 EMAs suggest that buying pressure could push the market beyond the current resistance area near 1.1700. However, a short-term pullback to retest support before resuming the climb is also a likely scenario.

Overall, the technical setup continues to favor a bullish outlook. Keep a close eye on the channel boundaries and resistance zones to refine your trade decisions.

In this analysis, I expect short-term upside momentum — what’s your view on this pair?
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