EUR/USD Tests Key Resistance Ahead of Fed

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EUR/USD has surged higher, reclaiming both the 50-day (1.0493) and 200-day SMA (1.0272), signaling a shift toward bullish momentum. The pair is now testing a critical resistance level at 1.0940, which previously acted as support before the late-2024 decline.

Momentum indicators confirm strong buying pressure:

📈 MACD is crossing into positive territory, indicating bullish momentum.
📊 RSI at 71.92 suggests overbought conditions, hinting at a possible near-term pullback or consolidation.

Key Levels to Watch:

📌 Support: 1.0800 (recent breakout point), 1.0700 (psychological level)
📌 Resistance: 1.0940 (current test), 1.1000 (next major target)

A break above 1.0940 could fuel a continuation higher toward 1.10, while failure at this level may trigger a pullback toward the 1.08 support zone.

-MW

Feragatname

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