Euro / U.S. Dollar
Long

EURUSD: are the bulls taking control?

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EURUSD is currently trading around 1.1691 and maintaining a bullish structure with consistently higher lows. On the H4 chart, a symmetrical triangle is forming, and price may break out toward the 1.1823 target if it can overcome the resistance trendline.

On the news front, the US dollar has weakened as the Fed has yet to provide a clear signal on rate cuts. Meanwhile, Eurozone economic sentiment is improving, supported by a slight uptick in manufacturing and services data. This reinforces the euro's recovery and keeps upward pressure on EURUSD.

If the 1.1660 support zone holds firm, the upcoming breakout could trigger a strong bullish move. Buyers are waiting for confirmation — are you in the game?

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