EUR/USD Breakout Holds Ahead of Core PCE Test
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EUR/USD's recent breakout has held firm, with price action consolidating above prior resistance-turned-support as traders position ahead of the core PCE inflation print. Momentum indicators remain tilted bullish following the move.
The pair's structure suggests buyers are in control for now, though the PCE release carries the potential to inject fresh volatility given its weight in Fed policy calculations.
A hotter-than-expected inflation reading could test the durability of the breakout, while a soft print would likely embolden continuation toward the next resistance band.