Euro / U.S. Dollar
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EUR/USD – Can the Bullish Momentum Hold?

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Hello everyone, what do you think about EURUSD ?

EUR/USD surged strongly earlier, breaking out of the descending channel and forming a new high. However, strong demand for the US dollar made buyers cautious on Monday, causing the pair to give up most of Friday’s Powell-driven gains.

On the chart, after the sharp rally, sellers immediately stepped in, pushing the pair back to previous lows and filling the FVG. Currently, the price is hovering around the final short-term support zone – the very base that fueled the prior breakout. If this support holds, we may once again consider opportunities above the 1.173 level.

Do you think EUR/USD can maintain its bullish momentum? Leave your thoughts in the comments!
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